Bank Of India Chanasma Patan Gujarat MICR CODE

Find MICR Codes for Bank Of India Chanasma Patan Gujarat

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MICR Code	384013507
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	Chanasma
Contact	Br Mgr 9979272447
Bank Details	Bank Of India Chanasma BKID0002225

Location	Chanasma, Patan
City	Chanasma
District	Patan
State	Gujarat
Pincode	384220
Country	IN
Address	Bank of india chanasma branch near bus stand, sai complex, chanasma, ta-chanasma, dist. Patan, pin 384220

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 384013507 for Chanasma 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 384013507 of BOI, Chanasma branch makes the system almost error free and faster. Use of BOI MICR codes for Chanasma 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 -

>>Chanasma

MICR code for Bank Of India Chanasma

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 Chanasma 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. 384013507 is the MICR code of Bank Of India for Chanasma branch. MICR code for Chanasma 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 Chanasma is presented in the table alongside.

Use of BOI MICR code for Chanasma branch in chanasma

The MICR code 384013507 is used in RBI cheque clearing process to identify the branch Chanasma 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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