Indian Overseas Bank Marar (IOB)
Marar · Hazaribagh, Bihar
829020002 is the MICR code for the Marar branch of Indian Overseas Bank, located in Hazaribagh, Bihar. 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 IOBA0000454.
Bank
Indian Overseas Bank
Branch & Address
Marar
Ranchi Road Marar 829117
Hazaribagh, Marar, Bihar
Contact
+916553222276MICR Code Structure
829
City
020
Bank
002
Branch
City code 829 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 Hazaribagh
Other banks in Hazaribagh, Bihar
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 (IOBA0000454) 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 829020002 is in the middle, and your account number is on the right.