Bank Of India Raisen Raisen Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Raisen Raisen Madhya Pradesh

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MICR Code	464653519
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	Naktara
Contact	91-9826014007
Bank Details	Bank Of India Naktara BKID0MG7033

Location	Raisen, Raisen
City	Raisen
District	Raisen
State	Madhya Pradesh
Pincode
Country	IN
Address	Vill. Naktara, tah. Raisen, distt. Raisen

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 464653519 for Naktara 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 464653519 of BOI, Naktara branch makes the system almost error free and faster. Use of BOI MICR codes for Naktara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 36 branches of Bank Of India are available with micr code -

>>Amaravad >>Badi >>Bamori >>Bareli >>Begamganj >>Bharkatch >>Chandan Pipaliy >>Chiklod >>Dehgaon >>Devari >>Diwanganj >>Eve Begumganj >>Gairatganj >>Garhi H >>Goharganj >>Gudawal >>Kharbai >>Khargone >>Mandideep >>Marketraisen >>Naktara >>Noorganj >>Obedullaganj >>Panjara >>Patandeo >>Raisen >>Salamatpur >>Sanchi >>Silari >>Silwani >>Sultanganj >>Sultanpur >>Tamot >>Tekapar Garhi >>Uchera Jamunia >>Udaipura

MICR code for Bank Of India Naktara

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 Naktara 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. 464653519 is the MICR code of Bank Of India for Naktara branch. MICR code for Naktara 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 Naktara is presented in the table alongside.

Use of BOI MICR code for Naktara branch in raisen

The MICR code 464653519 is used in RBI cheque clearing process to identify the branch Naktara 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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