Bank Of India Ujjain Ujjain Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Ujjain Ujjain Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Arvind Nagar
Contact Mr. V R Kale 952194 232242/234738
Bank Details Bank Of India Arvind Nagar BKID0009107
Location Ujjain, Ujjain
City Ujjain
District Ujjain
State Madhya Pradesh
Pincode 456006
Country IN
Address Arvind nagar,hiramills chauraha,,hiramills road,,ujjain,456006,madhya pradesh
Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Arvind 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 0 of BOI, Arvind Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Arvind Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Arvind 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 Arvind 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. 0 is the MICR code of Bank Of India for Arvind Nagar branch. MICR code for Arvind 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 Arvind Nagar is presented in the table alongside.

Use of BOI MICR code for Arvind Nagar branch in ujjain

The MICR code 0 is used in RBI cheque clearing process to identify the branch Arvind 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.

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