Bank Of India Bhubaneswar Khurda Orissa MICR CODE

Find MICR Codes for Bank Of India Bhubaneswar Khurda Orissa

↻ Reload
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kharvel Nagar
Contact Shri Nishit Kuna, Tel: 0571-2743026
Bank Details Bank Of India Kharvel Nagar BKID0005112
Location Bhubaneswar, Khurda
City Bhubaneswar
District Khurda
State Orissa
Pincode 751001
Country IN
Address Kharvel nagar, 98, kharavela nagar, , keshari jalkies complex, , bhubaneshwar, 751001, orissa
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 Kharvel 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, Kharvel Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Kharvel Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Kharvel 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 Kharvel 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 Kharvel Nagar branch. MICR code for Kharvel 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 Kharvel Nagar is presented in the table alongside.

Use of BOI MICR code for Kharvel Nagar branch in bhubaneswar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kharvel 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.

Copied!