Bank Of India Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Chhindwara Chhindwara Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chhindi
Contact 91-9893599825
Bank Details Bank Of India Chhindi BKID0MG8044
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode
Country IN
Address Post chhindi tehsil tamia dist chhindwara
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 460653502 for Chhindi 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 460653502 of BOI, Chhindi branch makes the system almost error free and faster. Use of BOI MICR codes for Chhindi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Chhindi

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 Chhindi 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. 460653502 is the MICR code of Bank Of India for Chhindi branch. MICR code for Chhindi 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 Chhindi is presented in the table alongside.

Use of BOI MICR code for Chhindi branch in chhindwara

The MICR code 460653502 is used in RBI cheque clearing process to identify the branch Chhindi 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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