Bank Of India Bhandra Lohardagga Jharkhand MICR CODE

Find MICR Codes for Bank Of India Bhandra Lohardagga Jharkhand

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MICR Code	-NA-
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	Bhandra
Contact	Mahendra Prasad,Mob-9835520584
Bank Details	Bank Of India Bhandra BKID0004929

Location	Bhandra, Lohardagga
City	Bhandra
District	Lohardagga
State	Jharkhand
Pincode	835306
Country	IN
Address	At & po -bhandra, via-itki, dist.-lohardaga pin-835306

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 Bhandra 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, Bhandra branch makes the system almost error free and faster. Use of BOI MICR codes for Bhandra 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 -

>>Bhandra

MICR code for Bank Of India Bhandra

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

Use of BOI MICR code for Bhandra branch in bhandra

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