Bank Of India Dadpur Hazaribag Jharkhand MICR CODE

Find MICR Codes for Bank Of India Dadpur Hazaribag Jharkhand

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MICR Code	-NA-
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	Dadpur
Contact	Mr. Pravin Andrius Nag - 06547-276660
Bank Details	Bank Of India Dadpur BKID0004848

Location	Dadpur, Hazaribag
City	Dadpur
District	Hazaribag
State	Jharkhand
Pincode	825406
Country	IN
Address	At/po-dadpur, dist-hazaribag- 825406

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

>>Dadpur

MICR code for Bank Of India Dadpur

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 Dadpur 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 Dadpur branch. MICR code for Dadpur 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 Dadpur is presented in the table alongside.

Use of BOI MICR code for Dadpur branch in dadpur

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