Bank Of India Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for Bank Of India Bokaro Bokaro Jharkhand

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bokaro Themal Power Station
Contact Srivastava S.R., Sr. Manager, Tel: 24802252483710
Bank Details Bank Of India Bokaro Themal Power Station BKID0004797
Location Bokaro, Bokaro
City Bokaro
District Bokaro
State Jharkhand
Pincode 829107
Country IN
Address Qr.no. E-27,dvc colony, near patel park,bokaro thermal power station dist. Bokaro pin- 829107
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 Bokaro Themal Power Station 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, Bokaro Themal Power Station branch makes the system almost error free and faster. Use of BOI MICR codes for Bokaro Themal Power Station branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Bokaro Themal Power Station

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 Bokaro Themal Power Station 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 Bokaro Themal Power Station branch. MICR code for Bokaro Themal Power Station 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 Bokaro Themal Power Station is presented in the table alongside.

Use of BOI MICR code for Bokaro Themal Power Station branch in bokaro

The MICR code 0 is used in RBI cheque clearing process to identify the branch Bokaro Themal Power Station 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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