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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 of BOI, lalbaug branch makes the system almost error free and faster. Use of BOI MICR codes for lalbaug branch, makes the characters readable even if there are other marks and stamps on it.
>>Andheri Mid Corporate >>Ashokvan Borivali (East) >>Asset Recovery Management >>Bharat Diamond Bourse >>Bharatiya Mahila Bank >>Bill Desk Bkc >>Borivli Link Road >>Dahisar(East) >>Diamond Bourse Bkc >>Dombivali (West) >>Founding Branch >>J J Flyover >>Jogeshwari (East) >>Jogeshwari(West) >>Koparkhairane >>Kurla (West) >>Lalbaug (Mumbai) >>Lokhandwala Andheri (W) >>Lokhandwala Kandivli (E) >>Marol Andheri East >>Marve Road >>Mumbai Lcb Office >>Mumbai North Zonal Office >>Mumbai South Zonal Office >>Nariman Point Large Corporate >>Sewri (West) Branch >>Speez Mid Corporate >>Vikhroli(West)
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 lalbaug 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. is the MICR code of Bank Of India for lalbaug branch. MICR code for lalbaug 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 lalbaug is presented in the table alongside.
The MICR code is used in RBI cheque clearing process to identify the branch lalbaug 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.