Bank Of India Sagar Khurai Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Sagar Khurai Madhya Pradesh

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MICR Code	470013503
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	Khurai
Contact	9752518595
Bank Details	Bank Of India Khurai BKID0009427

Location	Sagar, Khurai
City	Sagar
District	Khurai
State	Madhya Pradesh
Pincode	470117
Country	IN
Address	Near jhanda chowk main market at po khurai distt sagar

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 470013503 for Khurai 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 470013503 of BOI, Khurai branch makes the system almost error free and faster. Use of BOI MICR codes for Khurai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of India are available with micr code -

>>Khurai

MICR code for Bank Of India Khurai

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 Khurai 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. 470013503 is the MICR code of Bank Of India for Khurai branch. MICR code for Khurai 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 Khurai is presented in the table alongside.

Use of BOI MICR code for Khurai branch in sagar

The MICR code 470013503 is used in RBI cheque clearing process to identify the branch Khurai 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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