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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.
>>Altamount Road >>Andheri Corporate Banking Branch >>Andheri Retail Hub >>Andheri West >>Atm Cell >>Bakti Park >>Ballard Estate >>Bandra East >>Bandra Kurla Complex >>Bandra Kurla Complex >>Bandra Reclamation >>Belapur >>Bhandup >>Borivili East >>Borivli (West) >>Breach Candy >>Bullion Exchange >>C P Tank >>Card Products Department >>Chakala >>Chembur >>Chuchgate >>Cumballa Hill >>D.N.Road >>Dadar West >>Dahisar >>Danda Khar >>Electric House >>Gandhi Market >>Ghatkopar (West) >>Ghatkopar East >>Girgaum >>Goregaon West >>Goregaon(East) >>Grant Road >>Igidr >>Jacob Circle >>Juhu >>Kalbadevi >>Kandivli >>Khar >>Khodadad Circle >>Link Road Malad >>Mahalaxmi >>Mahaveer Nagar(Charkop) >>Maheshwari Udyan >>Mahim (W) >>Malad (East) >>Malad (West) >>Mandvi >>Mazgaon >>Mulund East >>Mulund West >>Mumbai Central >>Mumbai Corporate Banking Branch >>Mumbai Housing Finanace >>Mumbai Large Corporate Branch >>Mumbai Main >>Mumbai Nri >>Mumbai Overseas >>Mumbai Service Branch >>Nagpada >>Naigaon Cross Road >>Nana Chowk >>Napean Sea Road >>Nariman Point >>Null Bazar >>Opera House >>Panchpakhadi >>Parel >>Powai >>Prabhadevi >>Prathana Samaj >>Ramdas Naik Marg >>Rtgs Ho >>Sakinaka >>Sakinaka Corporate Banking Branch >>Sanpada >>Santacruz >>Sarm >>Seepz >>Service Branch >>Shivaji Park Ssi >>Sion >>Ssi Andheri >>Star Cms Hub >>Stock Exchange >>Tambe Nagar >>Tardeo Road >>Turbhe >>Turner Road >>Vashi >>Versova >>Vikhroli Park Site >>Vile Parle (East) >>Vile Parle West >>Wadala East >>Wadala West >>Walkeshwar >>Wodehouse Road >>Worli Naka >>Yari Road
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.
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.