Bank Of India Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Ratlam Ratlam Madhya Pradesh

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MICR Code	457653005
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	Dhamnod
Contact	91-8226010362
Bank Details	Bank Of India Dhamnod BKID0MG1451

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode
Country	IN
Address	Ghandi chouk, dhamnod,ratlam

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 457653005 for Dhamnod 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 457653005 of BOI, Dhamnod branch makes the system almost error free and faster. Use of BOI MICR codes for Dhamnod branch, makes the characters readable even if there are other marks and stamps on it.

A total of 17 branches of Bank Of India are available with micr code -

>>Alote >>Dalumodi Bazarratlam >>Dhamnod >>Dhodha >>Dhoswas >>Jaora >>Kasturba Nagarratlam >>Krishi Upaj Mandi (Ratlam) >>Namli >>Namli >>Piplod >>Raoti >>Ratlam >>Ratlam >>Ratlam >>Sailana >>Tal

MICR code for Bank Of India Dhamnod

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 Dhamnod 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. 457653005 is the MICR code of Bank Of India for Dhamnod branch. MICR code for Dhamnod 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 Dhamnod is presented in the table alongside.

Use of BOI MICR code for Dhamnod branch in ratlam

The MICR code 457653005 is used in RBI cheque clearing process to identify the branch Dhamnod 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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