Bank Of India Neemuch Neemuch Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Neemuch Neemuch Madhya Pradesh

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MICR Code	458653052
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	Bagana
Contact	91-8226010324
Bank Details	Bank Of India Bagana BKID0MG1425

Location	Neemuch, Neemuch
City	Neemuch
District	Neemuch
State	Madhya Pradesh
Pincode	458441
Country	IN
Address	Station road ,baghana 458441

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 458653052 for Bagana 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 458653052 of BOI, Bagana branch makes the system almost error free and faster. Use of BOI MICR codes for Bagana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Bank Of India are available with micr code -

>>Ambedkar >>Antrib >>Athana >>Bagana >>Chitakheda >>Jamunia >>Jat >>Jawad >>Kanjarda >>Kukdeshwar >>Manasa >>Morwan >>Neemuch >>Nimuch >>Parda >>Rampur >>Ratangad >>Singoli

MICR code for Bank Of India Bagana

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 Bagana 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. 458653052 is the MICR code of Bank Of India for Bagana branch. MICR code for Bagana 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 Bagana is presented in the table alongside.

Use of BOI MICR code for Bagana branch in neemuch

The MICR code 458653052 is used in RBI cheque clearing process to identify the branch Bagana 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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