Bank Of India Hardoi Hardoi Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Hardoi Hardoi Uttar Pradesh

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lonar
Contact 91-7388600259
Bank Details Bank Of India Lonar BKID0AG0259
Location Hardoi, Hardoi
City Hardoi
District Hardoi
State Uttar Pradesh
Pincode 241401
Country IN
Address At,post lonar hardoi , pin241401
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 241448554 for Lonar 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 241448554 of BOI, Lonar branch makes the system almost error free and faster. Use of BOI MICR codes for Lonar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Lonar

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 Lonar 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. 241448554 is the MICR code of Bank Of India for Lonar branch. MICR code for Lonar 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 Lonar is presented in the table alongside.

Use of BOI MICR code for Lonar branch in hardoi

The MICR code 241448554 is used in RBI cheque clearing process to identify the branch Lonar 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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