MICR Code Bank
Find MICR code for Bank Of India Nawadihi branches in India for NEFT and RTGS transfer

Bank Of India Nawadihi MICR CODE

Find MICR Codes for Bank Of India Nawadihi

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  1. Bank Of India »
  2. Jharkhand »
  3. chatra »
  4. chatra »
  5. nawadihi (hazaribagh)

Find MICR Codes for Bank Of India Nawadihi

MICR Code: -NA-
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nawadihi (Hazaribagh)
Contact:
Bank Details: Bank Of India Nawadihi (Hazaribagh) BKID0005966
Location: Chatra, Chatra
City: Chatra
District: Chatra
State: Jharkhand
Pincode: 825408
Country: IN
Address: Bank of india nawadihi (hazaribagh) branch at – nawadihi chowk, p.o.-damol, block-pathalgada, dist.-chatra, pincode-825408.

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

A total of 8 branches of Bank Of India are available with micr code

>>Chatra >>Gidhaur >>Lawalong >>Ldm Office Chatra >>Nawadihi (Hazaribagh) >>Rseti Chatra Hazaribagh >>Saharjam >>Vikar Bhawan (Chatra)

MICR code for Bank Of India nawadihi

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

Use of BOI MICR code for nawadihi branch in chatra

The MICR code is used in RBI cheque clearing process to identify the branch nawadihi 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.