Bank Of India Khurda Khurda Orissa MICR CODE

Find MICR Codes for Bank Of India Khurda Khurda Orissa

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Address

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	Iit Bhubaneswar Argul
Contact
Bank Details	Bank Of India Iit Bhubaneswar Argul BKID0005119

Location	Khurda, Khurda
City	Khurda
District	Khurda
State	Orissa
Pincode	752050
Country	IN
Address	At po argul dist khurda odisha 752050

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

A total of 3 branches of Bank Of India are available with micr code -

>>Ganganagar >>Iit Bhubaneswar Argul >>Khorda

MICR code for Bank Of India Iit Bhubaneswar Argul

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 Iit Bhubaneswar Argul 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 Iit Bhubaneswar Argul branch. MICR code for Iit Bhubaneswar Argul 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 Iit Bhubaneswar Argul is presented in the table alongside.

Use of BOI MICR code for Iit Bhubaneswar Argul branch in khurda

The MICR code 0 is used in RBI cheque clearing process to identify the branch Iit Bhubaneswar Argul 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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