Bank Of India Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Bank Of India Bangalore Bangalore Urban Karnataka

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Banashankari
Contact Mr. R.Tyagaraj - Ph: 080-22959541
Bank Details Bank Of India Banashankari BKID0008483
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560085
Country IN
Address #2 , bharat mansion, 100 ft. Ring road, 3rd stage, 4th block, banashankari, bangalore - 560 085
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 Banashankari 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, Banashankari branch makes the system almost error free and faster. Use of BOI MICR codes for Banashankari branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Banashankari

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

Use of BOI MICR code for Banashankari branch in bangalore

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