Bank Of India Khandwa Khandwa Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Khandwa Khandwa Madhya Pradesh

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MICR Code	450653101
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	Khandwa
Contact	91-9340320500
Bank Details	Bank Of India Khandwa BKID0MG0279

Location	Khandwa, Khandwa
City	Khandwa
District	Khandwa
State	Madhya Pradesh
Pincode
Country	IN
Address	Annand nagar

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 450653101 for Khandwa 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 450653101 of BOI, Khandwa branch makes the system almost error free and faster. Use of BOI MICR codes for Khandwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 26 branches of Bank Of India are available with micr code -

>>Amalpura >>Arud >>Bagmar >>Bid >>Billod >>Borgaon Bujurg >>Chhanera >>Chhegaon Makhan >>Chichgohan >>Deshgaone >>Diwal >>Gandhawa >>Goshala Road >>Jaswadi >>Jaswadi Road >>Khalwa >>Khandwa >>Kohdad >>Moondi >>Omkareshwar >>Pamakhedi >>Pandhana >>Punasa >>Rangaon >>Roshani >>Singot

MICR code for Bank Of India Khandwa

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 Khandwa 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. 450653101 is the MICR code of Bank Of India for Khandwa branch. MICR code for Khandwa 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 Khandwa is presented in the table alongside.

Use of BOI MICR code for Khandwa branch in khandwa

The MICR code 450653101 is used in RBI cheque clearing process to identify the branch Khandwa 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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