INDIAN OVERSEAS BANK, Derabassi, Dera Bassi

MICR Codes for other Branches of Indian Overseas Bank In "Dera Bassi"

MICR Code for INDIAN OVERSEAS BANKPunjab

The MICR code for a INDIAN OVERSEAS BANK is a machine readable code that is used for processing and clearance of cheques. The code helps to identify the bank branch to which the cheque belongs. It is used when cheque goes for clearing, where the magnetic reader reads the code and it gets sorted automatically. This code speeds up the clearance process.

The MICR code for INDIAN OVERSEAS BANK is printed on the bottom of every cheque leaf of the INDIAN OVERSEAS BANK.

Decoding-160020008

160020008 the MICR code of INDIAN OVERSEAS BANK,DerabassiPunjab.

• The first 3 characters, i.e. 160 is the first three characters of PIN (Postal Index Number)
• The next three characters, i.e. 020 depicts the bank number of INDIAN OVERSEAS BANK
• The last three charters, i.e. 008 depicts theDerabassi ofDera Bassi.

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