Bank Of India Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of India Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nad Kotha Road
Contact Shri Ch.Ananda Rao, Tel. 0891-2734007
Bank Details Bank Of India Nad Kotha Road BKID0005604
Location Visakhapatnam, Vishakhapatnam
City Visakhapatnam
District Vishakhapatnam
State Andhra Pradesh
Pincode 530017
Country IN
Address Agrawal plaza, 1st floor, flat no:12 gopalapatnam main road, visakhapatnam - 530017
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 0 for Nad Kotha Road 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 0 of BOI, Nad Kotha Road branch makes the system almost error free and faster. Use of BOI MICR codes for Nad Kotha Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Nad Kotha Road

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 Nad Kotha Road 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. 0 is the MICR code of Bank Of India for Nad Kotha Road branch. MICR code for Nad Kotha Road 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 Nad Kotha Road is presented in the table alongside.

Use of BOI MICR code for Nad Kotha Road branch in visakhapatnam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nad Kotha Road 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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