Bank Of India Bagru Lohardagga Jharkhand MICR CODE

Find MICR Codes for Bank Of India Bagru Lohardagga Jharkhand

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bagru
Contact Surendra Kumar Nag,Mob-9304931488
Bank Details Bank Of India Bagru BKID0004951
Location Bagru, Lohardagga
City Bagru
District Lohardagga
State Jharkhand
Pincode 835302
Country IN
Address Vil-nigni, po-nigni dist.-lohardaga
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.

Search Bank Of India MICR Codes in lohardagga

You can search through MICR Codes of Jharkhand branches in bagru of District lohardagga in Jharkhand State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of India are available with micr code -

>>Bagru

How to find MICR codes for Bank Of India in bagru?

Bank Of India bagru MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for bagru, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India bagru branches.

BOI MICR code in bagru

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for bagru branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in bagru, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for bagru branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India bagru branch, sprinted 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. Thus MICR code for BOI bagru branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for bagru branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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