Bank Of India Palanpur Banaskantha Gujarat MICR CODE

Find MICR Codes for Bank Of India Palanpur Banaskantha Gujarat

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MICR Code	385013502
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	Chhapi
Contact	Mr. K M Rathod Bm M- 98259 83777 Ph. 02739 270171
Bank Details	Bank Of India Chhapi BKID0002302

Location	Palanpur, Banaskantha
City	Palanpur
District	Banaskantha
State	Gujarat
Pincode	385210
Country	IN
Address	Bank of india, chhapi branch, shop no. 7 to 11, diamond complex, highway road, at & po - chhapi, dist. Banaskantha pin -385 210, state: guj

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 385013502 for Chhapi 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 385013502 of BOI, Chhapi branch makes the system almost error free and faster. Use of BOI MICR codes for Chhapi 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 -

>>Chhapi

MICR code for Bank Of India Chhapi

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 Chhapi 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. 385013502 is the MICR code of Bank Of India for Chhapi branch. MICR code for Chhapi 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 Chhapi is presented in the table alongside.

Use of BOI MICR code for Chhapi branch in palanpur

The MICR code 385013502 is used in RBI cheque clearing process to identify the branch Chhapi 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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