Bank Of India Nainawad Ujjain Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Nainawad Ujjain Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nainawad
Contact Mr M V Iyer 094253-06297
Bank Details Bank Of India Nainawad BKID0009105
Location Nainawad, Ujjain
City Nainawad
District Ujjain
State Madhya Pradesh
Pincode 456770
Country IN
Address Bank of india nainawad branch tehsil tarana distt ujjain (m.p.)
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 ujjain

You can search through MICR Codes of Madhya Pradesh branches in nainawad of District ujjain in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of India are available with micr code -

>>Nainawad

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

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

BOI MICR code in nainawad

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