Bank Of India Lakshmipuram Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of India Lakshmipuram Krishna Andhra Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lakshmipuram
Contact Shri Madan, Tel: 080 - 28415603, 28523617
Bank Details Bank Of India Lakshmipuram BKID0005615
Location Lakshmipuram, Krishna
City Lakshmipuram
District Krishna
State Andhra Pradesh
Pincode 522007
Country IN
Address 5-87-70/7/a, sai plaza, 1st lane, guntur - 522007
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 krishna

You can search through MICR Codes of Andhra Pradesh branches in lakshmipuram of District krishna in Andhra Pradesh 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 -

>>Lakshmipuram

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

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

BOI MICR code in lakshmipuram

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