Bank Of India Chakarbhata Bilaspur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of India Chakarbhata Bilaspur Chhattisgarh

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MICR Code	495013007
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	Chakarbhata
Contact	0
Bank Details	Bank Of India Chakarbhata BKID0009477

Location	Chakarbhata, Bilaspur
City	Chakarbhata
District	Bilaspur
State	Chhattisgarh
Pincode	495220
Country	IN
Address	House of mrs. Sobha verma ward no.13, infront of post office post chakarbhata camp,bilha

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 495013007 for Chakarbhata 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 495013007 of BOI, Chakarbhata branch makes the system almost error free and faster. Use of BOI MICR codes for Chakarbhata 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 -

>>Chakarbhata

MICR code for Bank Of India Chakarbhata

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 Chakarbhata 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. 495013007 is the MICR code of Bank Of India for Chakarbhata branch. MICR code for Chakarbhata 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 Chakarbhata is presented in the table alongside.

Use of BOI MICR code for Chakarbhata branch in chakarbhata

The MICR code 495013007 is used in RBI cheque clearing process to identify the branch Chakarbhata 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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