Bank Of India Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Gwalior Gwalior Madhya Pradesh

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MICR Code	474653507
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	Magrora
Contact	91-8226010306
Bank Details	Bank Of India Magrora BKID0MG9048

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	475110
Country	IN
Address	Jawahar ganj, dabra 475110

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 474653507 for Magrora 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 474653507 of BOI, Magrora branch makes the system almost error free and faster. Use of BOI MICR codes for Magrora branch, makes the characters readable even if there are other marks and stamps on it.

A total of 31 branches of Bank Of India are available with micr code -

>>Aantary Gwalior >>Banwar >>Baretha >>Bhitarwar >>Biloua Gijouri >>C P Colonymurar >>City Centre >>Citycentregwalior >>D D Nagar >>Dabra >>Girwai >>Gole Ka Mandir >>Gwalior >>Gwalior >>Iiitm Campus >>Jiwaji Chowk >>Kariawati >>Magrora >>Mohna >>Morar >>Murar >>Naya Bazar (Gwalior) >>Panihar >>Phool Bagh >>Pichor >>Purani Chhawani >>Ro Gwalior >>Shankarpur Gwalior >>Shinde Ki Chhawani >>Sindhi Colony >>St Paul School Street

MICR code for Bank Of India Magrora

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 Magrora 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. 474653507 is the MICR code of Bank Of India for Magrora branch. MICR code for Magrora 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 Magrora is presented in the table alongside.

Use of BOI MICR code for Magrora branch in gwalior

The MICR code 474653507 is used in RBI cheque clearing process to identify the branch Magrora 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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