Bank Of India Charoda Durg Chhattisgarh MICR CODE

Find MICR Codes for Bank Of India Charoda Durg Chhattisgarh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Charoda
Contact 8878965825
Bank Details Bank Of India Charoda BKID0009310
Location Charoda, Durg
City Charoda
District Durg
State Chhattisgarh
Pincode 490021
Country IN
Address House of radheshyam chandrakar sirsa gate chowk g e road bhilai pin 490021
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.

Search Bank Of India MICR Codes in durg

You can search through MICR Codes of Chhattisgarh branches in charoda of District durg in Chhattisgarh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of India are available with micr code -

>>Charoda

How to find MICR codes for Bank Of India in charoda?

Bank Of India charoda MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for charoda, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India charoda branches.

BOI MICR code in charoda

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for charoda branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in charoda, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for charoda branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India charoda branch, sprinted 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. Thus MICR code for BOI charoda branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for charoda branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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