Bank Of India Bahadarpur Burhanpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Bahadarpur Burhanpur 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 Bahadarpur
Contact A.K.Panchwali, 07325-247065
Bank Details Bank Of India Bahadarpur BKID0009504
Location Bahadarpur, Burhanpur
City Bahadarpur
District Burhanpur
State Madhya Pradesh
Pincode 450331
Country IN
Address At&post: bahadarpur,dist: burhanpur(mp)pin-450 331
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 Bahadarpur 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, Bahadarpur branch makes the system almost error free and faster. Use of BOI MICR codes for Bahadarpur branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Bahadarpur

MICR code for Bank Of India Bahadarpur

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 Bahadarpur 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 Bahadarpur branch. MICR code for Bahadarpur 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 Bahadarpur is presented in the table alongside.

Use of BOI MICR code for Bahadarpur branch in bahadarpur

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