Bank Of India Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of India Raipur Raipur Chhattisgarh

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MICR Code	-NA-
Bank	Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Asset Recovery Branch Raipur
Contact	91-9424126519
Bank Details	Bank Of India Asset Recovery Branch Raipur BKID0009372

Location	Raipur, Raipur
City	Raipur
District	Raipur
State	Chhattisgarh
Pincode
Country	IN
Address	Ravi bhawan near jaystambh chownk raipur

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 Asset Recovery Branch Raipur 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, Asset Recovery Branch Raipur branch makes the system almost error free and faster. Use of BOI MICR codes for Asset Recovery Branch Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Bank Of India are available with micr code -

>>Asset Recovery Branch Raipur >>Khanij Bhawan >>Nardaha >>New Rajendra Nagar >>Pachpedinaka >>Raipur Corporate >>Raipur Main >>Raipur Zonal Office >>Rakhi >>Sejbahar >>Tatyapara >>Vidhanshabha Road

MICR code for Bank Of India Asset Recovery Branch Raipur

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 Asset Recovery Branch Raipur 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 Asset Recovery Branch Raipur branch. MICR code for Asset Recovery Branch Raipur 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 Asset Recovery Branch Raipur is presented in the table alongside.

Use of BOI MICR code for Asset Recovery Branch Raipur branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asset Recovery Branch Raipur 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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