MICR Code Bank
Find MICR code for Bank Of India Anand Nagar branches in India for NEFT and RTGS transfer

Bank Of India Anand Nagar MICR CODE

Find MICR Codes for Bank Of India Anand Nagar

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  1. Bank Of India »
  2. Madhya Pradesh »
  3. bhopal »
  4. bhopal »
  5. anand nagar (bhopal)

Find MICR Codes for Bank Of India Anand Nagar

MICR Code: 462013024
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Anand Nagar (Bhopal)
Contact: Br Mgr 9425134890
Bank Details: Bank Of India Anand Nagar (Bhopal) BKID0009053
Location: Bhopal, Bhopal
City: Bhopal
District: Bhopal
State: Madhya Pradesh
Pincode: 462021
Country: IN
Address: House no: 664, ward 59, raisen road, anand nagar, bhopal, m.p.-462021

How does MICR code for anand nagar branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the of BOI, anand nagar branch makes the system almost error free and faster. Use of BOI MICR codes for anand nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India anand nagar

Bank Of India MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. BOI MICR code for anand nagar is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. is the MICR code of Bank Of India for anand nagar branch. MICR code for anand nagar branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for BOI anand nagar is presented in the table alongside.

Use of BOI MICR code for anand nagar branch in bhopal

The MICR code is used in RBI cheque clearing process to identify the branch anand nagar and BOI bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of Bank Of India is typically in either of these two font’s: E-138 and CMC-7.