Bank Of India Barundhan Bundi Rajasthan MICR CODE

Find MICR Codes for Bank Of India Barundhan Bundi Rajasthan

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Barundhan
Contact 0747-2435504
Bank Details Bank Of India Barundhan BKID0006675
Location Barundhan, Bundi
City Barundhan
District Bundi
State Rajasthan
Pincode 323021
Country IN
Address Vpo - barundhan, tehsil, distt - bundi(raj) - 323021
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 Barundhan 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, Barundhan branch makes the system almost error free and faster. Use of BOI MICR codes for Barundhan 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 -

>>Barundhan

MICR code for Bank Of India Barundhan

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

Use of BOI MICR code for Barundhan branch in barundhan

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