Indian Overseas Bank Bolangir (IOB)
Bolangir · Balangir, Odisha
767020002 is the MICR code for the Bolangir branch of Indian Overseas Bank, located in Balangir, Odisha. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code IOBA0001944.
Bank
Indian Overseas Bank
Branch & Address
Bolangir
Holding no 1078 by 1454 Patnagarh Road Bolangir PIN 767001
Balangir, Bolangir, Odisha
Contact
+916652250875MICR Code Structure
767
City
020
Bank
002
Branch
City code 767 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Balangir
Other banks in Balangir, Odisha
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (IOBA0001944) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 767020002 is in the middle, and your account number is on the right.