Bank Of India Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of India Ludhiana Ludhiana Punjab

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Banga
Contact B. Thackarackel, Sr. Manager, Tel: 0491-2367136
Bank Details Bank Of India Banga BKID0006420
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 144505
Country IN
Address Banga, shivalik , opp.rai petr, phagwara nawanshahar, banga, 144505, punjab
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana Main
Contact Shri K. G. George, Manager, Tel:0470-2622464
Bank Details Bank Of India Ludhiana Main BKID0006500
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141002
Country IN
Address Ludhiana,guru tegh bahadur mark,g. T. Road, near clock,ludhiana,141002,punjab
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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 ludhiana

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

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

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

BOI MICR code in ludhiana

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