Bank Of India Sambalpur Sambalpur Orissa MICR CODE

Find MICR Codes for Bank Of India Sambalpur Sambalpur Orissa

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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	Dhankauda
Contact	1.D.N.T.Rajan 28132509 2.Daramveer Singh 28132952
Bank Details	Bank Of India Dhankauda BKID0005431

Location	Sambalpur, Sambalpur
City	Sambalpur
District	Sambalpur
State	Orissa
Pincode	768101
Country	IN
Address	At/po-dhankauda, dist-sambalpur, orissa-768101

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

A total of 7 branches of Bank Of India are available with micr code -

>>Ainthapali >>Burla Branch >>Dhankauda >>Khetrajpur >>Majhipali >>Sambalpur >>Sambalpur Zonal Office

MICR code for Bank Of India Dhankauda

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

Use of BOI MICR code for Dhankauda branch in sambalpur

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