Bank Of India Khargone Khargone Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Khargone Khargone Madhya Pradesh

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	451653549
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	Balwada
Contact	91-9826031857
Bank Details	Bank Of India Balwada BKID0MG0259

Location	Khargone, Khargone
City	Khargone
District	Khargone
State	Madhya Pradesh
Pincode
Country	IN
Address	Indore khandwa road

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 451653549 for Balwada 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 451653549 of BOI, Balwada branch makes the system almost error free and faster. Use of BOI MICR codes for Balwada branch, makes the characters readable even if there are other marks and stamps on it.

A total of 38 branches of Bank Of India are available with micr code -

>>Balwada >>Bamandi >>Barwaha >>Bedia >>Bhagwanpur >>Bhagyapur >>Bhikangaon >>Bistan >>Chainpur >>Dhulkotkabri >>Diversion Road Khargone >>Gogawan >>Jhirniya >>Kalmukhi >>Kanapur >>Karahi >>Kasrawad >>Katkut >>Keli >>Khargone >>Lalkheda >>Lonara >>Maheshwar >>Maingaon >>Mandleshwar >>Mehatwada >>Mongargaon >>Multhan >>Nandra >>Nimrani >>Ozra >>Pipalgone >>Regional Office Khargone >>Sanawad >>Sanawad Road Khargone >>Segaon >>Shivna >>Somakhedi

MICR code for Bank Of India Balwada

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 Balwada 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. 451653549 is the MICR code of Bank Of India for Balwada branch. MICR code for Balwada 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 Balwada is presented in the table alongside.

Use of BOI MICR code for Balwada branch in khargone

The MICR code 451653549 is used in RBI cheque clearing process to identify the branch Balwada 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.

Copied!