Bank Of India Khargone Khargone Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Khargone Khargone Madhya Pradesh

↻ Reload
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Diversion Road Khargone
Contact 91-7771007745
Bank Details Bank Of India Diversion Road Khargone BKID0MG0292
Location Khargone, Khargone
City Khargone
District Khargone
State Madhya Pradesh
Pincode
Country IN
Address Raguwansi bhawan bawdi bus stand diversion road
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 451653003 for Diversion Road Khargone 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 451653003 of BOI, Diversion Road Khargone branch makes the system almost error free and faster. Use of BOI MICR codes for Diversion Road Khargone branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Diversion Road Khargone

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 Diversion Road Khargone 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. 451653003 is the MICR code of Bank Of India for Diversion Road Khargone branch. MICR code for Diversion Road Khargone 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 Diversion Road Khargone is presented in the table alongside.

Use of BOI MICR code for Diversion Road Khargone branch in khargone

The MICR code 451653003 is used in RBI cheque clearing process to identify the branch Diversion Road Khargone 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.

Copied!