Indian Overseas Bank Koderma (IOB)
Koderma · Koderma, Jharkhand
825020102 is the MICR code for the Koderma branch of Indian Overseas Bank, located in Koderma, Jharkhand. 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 IOBA0002343.
Bank
Indian Overseas Bank
Branch & Address
Koderma
Plot no 3409, Ward no 6, Patna Ranchi Road, Near Punjab Hotel Kodarma 825410
Koderma, Kodarma, Jharkhand
Contact
+911763252922MICR Code Structure
825
City
020
Bank
102
Branch
City code 825 identifies the RBI clearing centre, bank code 020 identifies Indian Overseas Bank, and branch code 102 identifies this specific branch.
Online Payment Methods Supported
Other Indian Overseas Bank (IOB) branches near Koderma
Other banks in Koderma, Jharkhand
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 (IOBA0002343) 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 825020102 is in the middle, and your account number is on the right.