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	474013012
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	Naya Bazar (Gwalior)
Contact	Br Mgr 07512434044
Bank Details	Bank Of India Naya Bazar (Gwalior) BKID0009463

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	474009
Country	IN
Address	Dev villa bhavan, near thorat palace, naya bazar, gwalior, m.p- 474009

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 474013012 for Naya Bazar (Gwalior) 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 474013012 of BOI, Naya Bazar (Gwalior) branch makes the system almost error free and faster. Use of BOI MICR codes for Naya Bazar (Gwalior) 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 Naya Bazar (Gwalior)

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 Naya Bazar (Gwalior) 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. 474013012 is the MICR code of Bank Of India for Naya Bazar (Gwalior) branch. MICR code for Naya Bazar (Gwalior) 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 Naya Bazar (Gwalior) is presented in the table alongside.

Use of BOI MICR code for Naya Bazar (Gwalior) branch in gwalior

The MICR code 474013012 is used in RBI cheque clearing process to identify the branch Naya Bazar (Gwalior) 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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