Bank Of India Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Gwalior Gwalior Madhya Pradesh

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MICR Code	474653502
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	Banwar
Contact	91-8226010298
Bank Details	Bank Of India Banwar BKID0MG9041

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode
Country	IN
Address	Banwar, distt. Gwalior

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 474653502 for Banwar 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 474653502 of BOI, Banwar branch makes the system almost error free and faster. Use of BOI MICR codes for Banwar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 31 branches of Bank Of India are available with micr code -

>>Aantary Gwalior >>Banwar >>Baretha >>Bhitarwar >>Biloua Gijouri >>C P Colonymurar >>City Centre >>Citycentregwalior >>D D Nagar >>Dabra >>Girwai >>Gole Ka Mandir >>Gwalior >>Gwalior >>Iiitm Campus >>Jiwaji Chowk >>Kariawati >>Magrora >>Mohna >>Morar >>Murar >>Naya Bazar (Gwalior) >>Panihar >>Phool Bagh >>Pichor >>Purani Chhawani >>Ro Gwalior >>Shankarpur Gwalior >>Shinde Ki Chhawani >>Sindhi Colony >>St Paul School Street

MICR code for Bank Of India Banwar

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 Banwar 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. 474653502 is the MICR code of Bank Of India for Banwar branch. MICR code for Banwar 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 Banwar is presented in the table alongside.

Use of BOI MICR code for Banwar branch in gwalior

The MICR code 474653502 is used in RBI cheque clearing process to identify the branch Banwar 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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