Bank Of India Orai Dewas Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Orai Dewas Uttar Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Naya Ramnagar Orai
Contact 91-9792203550
Bank Details Bank Of India Naya Ramnagar Orai BKID0AG2936
Location Orai, Dewas
City Orai
District Dewas
State Uttar Pradesh
Pincode 285001
Country IN
Address Vill. Naya ramnagar orai blockdakor podvc orai tahsilorai , pin285001
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 285448103 for Naya Ramnagar Orai 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 285448103 of BOI, Naya Ramnagar Orai branch makes the system almost error free and faster. Use of BOI MICR codes for Naya Ramnagar Orai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Naya Ramnagar Orai

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 Ramnagar Orai 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. 285448103 is the MICR code of Bank Of India for Naya Ramnagar Orai branch. MICR code for Naya Ramnagar Orai 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 Ramnagar Orai is presented in the table alongside.

Use of BOI MICR code for Naya Ramnagar Orai branch in orai

The MICR code 285448103 is used in RBI cheque clearing process to identify the branch Naya Ramnagar Orai 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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