Bank Of India Kodarma Koderma Jharkhand MICR CODE

Find MICR Codes for Bank Of India Kodarma Koderma Jharkhand

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Koderma
Contact B.Y.Redgaonkar, Tel: 0512 2640431
Bank Details Bank Of India Koderma BKID0004860
Location Kodarma, Koderma
City Kodarma
District Koderma
State Jharkhand
Pincode 825410
Country IN
Address Chhabra house, ranchi-patna road, koderma bazar, koderma-825410.
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Charadih
Contact
Bank Details Bank Of India Charadih BKID0005885
Location Kodarma, Koderma
City Kodarma
District Koderma
State Jharkhand
Pincode 825409
Country IN
Address At charadih po karma dist koderma jharkhand 825409
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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.

Search Bank Of India MICR Codes in koderma

You can search through MICR Codes of Jharkhand branches in kodarma of District koderma in Jharkhand State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 5 branches of Bank Of India are available with micr code -

>>Charadih >>Chopnadih >>Jamu >>Koderma >>Parsabad

How to find MICR codes for Bank Of India in kodarma?

Bank Of India kodarma MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for kodarma, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India kodarma branches.

BOI MICR code in kodarma

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for kodarma branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in kodarma, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for kodarma branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India kodarma branch, sprinted 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. Thus MICR code for BOI kodarma branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for kodarma branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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