Bank Of India Burhanpur Burhanpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Burhanpur Burhanpur Madhya Pradesh

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MICR Code	450653002
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	Lal Bag Burhanpur
Contact	91-7089903726
Bank Details	Bank Of India Lal Bag Burhanpur BKID0MG0252

Location	Burhanpur, Burhanpur
City	Burhanpur
District	Burhanpur
State	Madhya Pradesh
Pincode
Country	IN
Address	Sindhi basti lal bag b

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 450653002 for Lal Bag Burhanpur 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 450653002 of BOI, Lal Bag Burhanpur branch makes the system almost error free and faster. Use of BOI MICR codes for Lal Bag Burhanpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 18 branches of Bank Of India are available with micr code -

>>Amravat Road >>Burhanpur >>Burhanpur >>Dapora >>Dhulkot >>Haiderpur >>Indira Nagar >>Jhir Panjariya >>Khakner >>Lal Bag Burhanpur >>Nachankheda >>Nepanagar >>Phophnar >>Pipalgaon Raiyat >>Sarola >>Shahpur >>Shaikhpura Shekhpura >>Sirpur

MICR code for Bank Of India Lal Bag Burhanpur

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 Lal Bag Burhanpur 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. 450653002 is the MICR code of Bank Of India for Lal Bag Burhanpur branch. MICR code for Lal Bag Burhanpur 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 Lal Bag Burhanpur is presented in the table alongside.

Use of BOI MICR code for Lal Bag Burhanpur branch in burhanpur

The MICR code 450653002 is used in RBI cheque clearing process to identify the branch Lal Bag Burhanpur 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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