Bank Of India Narsinghpur Narsinghpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Narsinghpur Narsinghpur Madhya Pradesh

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MICR Code	487653506
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	Bagaspur
Contact	91-8226010368
Bank Details	Bank Of India Bagaspur BKID0MG1239

Location	Narsinghpur, Narsinghpur
City	Narsinghpur
District	Narsinghpur
State	Madhya Pradesh
Pincode	487118
Country	IN
Address	Vpo bagaspur block gotegaon,tah. Gotegaon 487118

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 487653506 for Bagaspur 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 487653506 of BOI, Bagaspur branch makes the system almost error free and faster. Use of BOI MICR codes for Bagaspur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Bank Of India are available with micr code -

>>Aadarsh Shikshan Samiti Kareli >>Amgaon Bada >>Bagaspur >>Barahata >>Bohani >>Chichali >>Collectorate Narsinghpur >>Deori Lolri >>Gadarwara >>Gotegaon >>Kamti Imalya >>Kanwas >>Karakbel >>Kareli >>Narsinghpur >>Narsinghpur Basti >>Panari >>Saikheda >>Singhpur Bada >>Soorwari >>Station Ganj Narsinghpur >>Tendukheda

MICR code for Bank Of India Bagaspur

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 Bagaspur 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. 487653506 is the MICR code of Bank Of India for Bagaspur branch. MICR code for Bagaspur 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 Bagaspur is presented in the table alongside.

Use of BOI MICR code for Bagaspur branch in narsinghpur

The MICR code 487653506 is used in RBI cheque clearing process to identify the branch Bagaspur 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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