MICR Code Bank
Find MICR code for Bank Of India branches in India for NEFT and RTGS transfer

Bank Of India MICR CODE

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  1. Bank Of India »
  2. Tamil Nadu »
  3. coimbatore »
  4. coimbatore »
  5. coimbatore retail hub

Find MICR Codes for Bank Of India

MICR Code: -NA-
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Coimbatore Retail Hub
Contact: Mr. Rabindra Nath Sahoo tel. No.9861123360
Bank Details: Bank Of India Coimbatore Retail Hub BKID0008229
Location: Coimbatore, Coimbatore
City: Coimbatore
District: Coimbatore
State: Tamil Nadu
Pincode: 641045
Country: IN
Address: 6/659 a, trichy road, dharmaraj lay-out, r n puram, coimbatore 641045

How does MICR code for 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 of BOI, branch makes the system almost error free and faster. Use of BOI MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India

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

Use of BOI MICR code for branch in coimbatore

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