Bank Of India Kotam Gumla Jharkhand MICR CODE

Find MICR Codes for Bank Of India Kotam Gumla Jharkhand

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kotam
Contact Ravindra Prasad, Mob.-9931108187
Bank Details Bank Of India Kotam BKID0004572
Location Kotam, Gumla
City Kotam
District Gumla
State Jharkhand
Pincode 835233
Country IN
Address At & po -kotam,dist.-gumla
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 gumla

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

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

>>Kotam

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

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

BOI MICR code in kotam

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for kotam 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 kotam, 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 kotam 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 kotam 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 kotam branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for kotam 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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