Mycodesearch
  • Home
  • IFSC Code
  • PIN Code
  • Swift Code
  • MICR Code
  • Blog
  • About
    • About Us
  • Contact Us
Home /160020020


Indian Overseas Bank Pinjore IFSC Code

MICR Code: IOBA0002481

657023Indian Overseas Bank PinjoreIndian Overseas Bank

Bank NameIndian Overseas Bank
IFSC CodeIOBA0002481
(used for RTGS and NEFT transactions)
MICR Code 160020020
BranchPinjore
StateHaryana
DistrictPinjore
City Panchkula
AddressNew Ratpur Colony, Nalagarh Road Nhai 21a, Pinjore, Haryana 134102
Contact Phone 657023
Share
  • Share on Facebook
  • Tweet on Twitter
  • Share on Linkedin

What is 160020020 MICR Code.

The full form of MICR is Magnetic Ink Character Recognition technology. The primary need for this innovation is to authenticate the originality and legality of paper based documents in the banking system and is majorly used on cheques. In terms of their real-world importance, MICR stands on par with IFSC where transfer of funds using NEFT or IMPS is concerned..

MICR code imbibes the cutting-edge character recognition technology that is used by banks to authenticate the clearance of cheques and other such documents. MICR code itself can be seen placed on the bottom strip of the cheque and includes such details as the bank code, account details, cheque number and amount, alongside a control indicator. The principal advantage of this system is that unlike similar concepts like barcodes, MICR can be easily distinguished and read by humans.

What is the use of MICR code?

MICR is a technology that helps in verifying the originality of cheques or other paper documents. It is used mainly by banks to process cheques faster. The MICR code helps RBI in identifying the bank branch.

What is Indian Overseas Bank MICR Code?

Magnetic Ink Character Recognition (MICR) is a printing technology that is used to print alpha-numeric details. MICR Code is printed on cheques and they allow the cheque to be processed easily.

Pinjore Branch Information

Indian Financial System Code, Magnetic Ink Character Recognition, SWIFT Code, Address and Contact number of Indian Overseas Bank - Pinjore branch in [ditrict]  district which is in the state of Haryana. Branch office and ATM location.

What is  Indian Overseas Bank Pinjore RTGS?

Real Time Gross Settlement (RTGS) is a fund transfer mechanism which is used to transfer money from one bank to another. This gross basis transfer happens in realtime, hence the name. Minimum amount that can be transferred through RTGS is Rs. 2,00,000. Fees to process RTGS will be applicable.

What is  Indian Overseas Bank Pinjore NEFT?

National Electronic Fund Transfer (NEFT) is an online money transfer system which is supported by RBI. NEFT is used for medium and small amount transfer between accounts and banks. There is no minimum amount limit to send money via NEFT.

Popular Searches on 160020020?

Indian Overseas Bank Pinjore 160020020 micr code, Indian Overseas Bank 160020020 micrcode, MICR Code 160020020Indian Overseas Bank Pinjore Pinjore, MICR Code of Pinjore Indian Overseas Bank 160020020, Indian Overseas Bank 160020020 MICR Code Pinjore.

Primary Sidebar

Latest News

  • Studio Ghibli Style AI: ChatGPT se Banaye Free Ghibli Art!
  • Kyun Manaya Jata Hai Navratri? Significance, Kahani aur Traditions
  • Eid 2025: Date, History, Importance & Celebration
  • Eid Kya Hai? Puri Jaankari Hindi Mein

Read Category wise

Earn money online
Films and entertainment
how to apply and prepare for goverment jobs
Learn about Ai tools

Footer

Copyright © 2025 Mycodesearch. All Rights Reserved.HomeAbout UsFAQBlogContact Us