Bank Of India Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Gwalior Gwalior 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 Dabra
Contact 91-7842223272
Bank Details Bank Of India Dabra BKID0MG9036
Location Gwalior, Gwalior
City Gwalior
District Gwalior
State Madhya Pradesh
Pincode 475110
Country IN
Address Subhash ganj, dadra, teh. Dabra 475110
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 475653051 for Dabra 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 475653051 of BOI, Dabra branch makes the system almost error free and faster. Use of BOI MICR codes for Dabra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Dabra

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 Dabra 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. 475653051 is the MICR code of Bank Of India for Dabra branch. MICR code for Dabra 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 Dabra is presented in the table alongside.

Use of BOI MICR code for Dabra branch in gwalior

The MICR code 475653051 is used in RBI cheque clearing process to identify the branch Dabra 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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