Bank Of India Egra Purba Medinipur West Bengal MICR CODE

Find MICR Codes for Bank Of India Egra Purba Medinipur West Bengal

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chhatri
Contact Br Mgr 9647629308
Bank Details Bank Of India Chhatri BKID0004393
Location Egra, Purba Medinipur
City Egra
District Purba Medinipur
State West Bengal
Pincode 721429
Country IN
Address Bank of india. Chhatri branch, chhatri vivekananda vidyapith, po-chhatri, ps-egra, dist-east midnapore, pin-721429, west bengal
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 0 for Chhatri 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 0 of BOI, Chhatri branch makes the system almost error free and faster. Use of BOI MICR codes for Chhatri 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 -

>>Chhatri

MICR code for Bank Of India Chhatri

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 Chhatri 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. 0 is the MICR code of Bank Of India for Chhatri branch. MICR code for Chhatri 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 Chhatri is presented in the table alongside.

Use of BOI MICR code for Chhatri branch in egra

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chhatri 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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