Bank Of India Aligarh Aligarh Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Aligarh Aligarh Uttar Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Budhansi
Contact 91-8173900058
Bank Details Bank Of India Budhansi BKID0AG1222
Location Aligarh, Aligarh
City Aligarh
District Aligarh
State Uttar Pradesh
Pincode 202125
Country IN
Address At,postbudhansi aligarh , pinã½202125
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 202448506 for Budhansi 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 202448506 of BOI, Budhansi branch makes the system almost error free and faster. Use of BOI MICR codes for Budhansi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Budhansi

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 Budhansi 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. 202448506 is the MICR code of Bank Of India for Budhansi branch. MICR code for Budhansi 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 Budhansi is presented in the table alongside.

Use of BOI MICR code for Budhansi branch in aligarh

The MICR code 202448506 is used in RBI cheque clearing process to identify the branch Budhansi 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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