Bank Of India Sitapur Sitapur Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Sitapur Sitapur 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 Nerikalan
Contact 91-8052302037
Bank Details Bank Of India Nerikalan BKID0AG2218
Location Sitapur, Sitapur
City Sitapur
District Sitapur
State Uttar Pradesh
Pincode 261001
Country IN
Address Vill. Nerikalan blockaliya ponerikalan tahsilsitapur , pin261001
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 261448016 for Nerikalan 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 261448016 of BOI, Nerikalan branch makes the system almost error free and faster. Use of BOI MICR codes for Nerikalan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Nerikalan

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 Nerikalan 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. 261448016 is the MICR code of Bank Of India for Nerikalan branch. MICR code for Nerikalan 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 Nerikalan is presented in the table alongside.

Use of BOI MICR code for Nerikalan branch in sitapur

The MICR code 261448016 is used in RBI cheque clearing process to identify the branch Nerikalan 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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