Bank Of India Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Jabalpur Jabalpur Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kamla Nehru Nagar
Contact Vijyay Kumar Gupta , Manager Mob-09425675607
Bank Details Bank Of India Kamla Nehru Nagar BKID0009408
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode 482002
Country IN
Address Ground foor, dr. Diwan complex near labour chowk. Opp:- patanjali yog chikitsalaya, jabalpur madhya pradesh - 482002
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 Kamla Nehru 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 0 of BOI, Kamla Nehru Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Kamla Nehru Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Kamla Nehru 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 Kamla Nehru 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. 0 is the MICR code of Bank Of India for Kamla Nehru Nagar branch. MICR code for Kamla Nehru 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 Kamla Nehru Nagar is presented in the table alongside.

Use of BOI MICR code for Kamla Nehru Nagar branch in jabalpur

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