Bank Of India Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of India Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code	530013014
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	Kancharapalem
Contact	Mr.K.S.Anand Rao Mob:8985744425
Bank Details	Bank Of India Kancharapalem BKID0005684

Location	Visakhapatnam, Vishakhapatnam
City	Visakhapatnam
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530008
Country	IN
Address	D.no:57-26-2, sss plaza, thummadapalem, ward no:41, kancharapalem main road, visakhapatnam 530 008 visakhapatnam district andhra pradesh

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 530013014 for Kancharapalem 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 530013014 of BOI, Kancharapalem branch makes the system almost error free and faster. Use of BOI MICR codes for Kancharapalem branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Bank Of India are available with micr code -

>>Anakapalle >>Andhra Pradesh Zonal Office >>Atchutapuram >>Harbour Road >>Kancharapalem >>Kurmannapalem >>Madhurawada >>Muralinagar >>Mvp Colony >>Nad Kotha Road >>Seethammadhara >>Suryabagh >>Visakapatnam Ssi >>Visakaptnam Main >>Visakaptnam Overseas

MICR code for Bank Of India Kancharapalem

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 Kancharapalem 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. 530013014 is the MICR code of Bank Of India for Kancharapalem branch. MICR code for Kancharapalem 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 Kancharapalem is presented in the table alongside.

Use of BOI MICR code for Kancharapalem branch in visakhapatnam

The MICR code 530013014 is used in RBI cheque clearing process to identify the branch Kancharapalem 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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