Bank Of India Agar Malwa Agar Malwa Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Agar Malwa Agar Malwa Madhya Pradesh

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MICR Code	465653540
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	Kanad
Contact	91-9893269113
Bank Details	Bank Of India Kanad BKID0MG0153

Location	Agar Malwa, Agar Malwa
City	Agar Malwa
District	Agar Malwa
State	Madhya Pradesh
Pincode
Country	IN
Address	At post. Kanad

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 465653540 for Kanad 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 465653540 of BOI, Kanad branch makes the system almost error free and faster. Use of BOI MICR codes for Kanad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Bank Of India are available with micr code -

>>Agar Malwa >>Barod Malwa >>Chawani Agar >>Jaisinghpura >>Kanad >>Modi >>Nalkheda >>Soyatkala >>Susner >>Tanodiya

MICR code for Bank Of India Kanad

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 Kanad 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. 465653540 is the MICR code of Bank Of India for Kanad branch. MICR code for Kanad 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 Kanad is presented in the table alongside.

Use of BOI MICR code for Kanad branch in agar malwa

The MICR code 465653540 is used in RBI cheque clearing process to identify the branch Kanad 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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