Bank Of India Illipili Erode Tamil Nadu MICR CODE

Find MICR Codes for Bank Of India Illipili Erode Tamil Nadu

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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	Illipilli
Contact	Shri B V Vittal, Branch Manager 4256-225248
Bank Details	Bank Of India Illipilli BKID0008210

Location	Illipili, Erode
City	Illipili
District	Erode
State	Tamil Nadu
Pincode	638504
Country	IN
Address	Hospital road,po guruvareddiyur,ammapettai block, dist. Erode, tamilnadu 638504

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

A total of 1 branches of Bank Of India are available with micr code -

>>Illipilli

MICR code for Bank Of India Illipilli

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

Use of BOI MICR code for Illipilli branch in illipili

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