Bank Of India Burhanpur Burhanpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Burhanpur Burhanpur Madhya Pradesh

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MICR Code	450013002
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	Indira Nagar
Contact	Mr. Thakur (Branch Manager) 07325-252811
Bank Details	Bank Of India Indira Nagar BKID0009532

Location	Burhanpur, Burhanpur
City	Burhanpur
District	Burhanpur
State	Madhya Pradesh
Pincode	450331
Country	IN
Address	Rajasthan bhawan, bahadarpur road, burhanpur. (m.p) 450331

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 450013002 for Indira Nagar 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 450013002 of BOI, Indira Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Indira Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Bank Of India are available with micr code -

>>Amravat Road >>Burhanpur >>Burhanpur >>Dapora >>Dhulkot >>Haiderpur >>Indira Nagar >>Jhir Panjariya >>Khakner >>Lal Bag Burhanpur >>Nachankheda >>Nepanagar >>Phophnar >>Pipalgaon Raiyat >>Sarola >>Shahpur >>Shaikhpura Shekhpura >>Sirpur

MICR code for Bank Of India Indira Nagar

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 Indira Nagar 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. 450013002 is the MICR code of Bank Of India for Indira Nagar branch. MICR code for Indira Nagar 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 Indira Nagar is presented in the table alongside.

Use of BOI MICR code for Indira Nagar branch in burhanpur

The MICR code 450013002 is used in RBI cheque clearing process to identify the branch Indira Nagar 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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