Bank Of India Islampur Uttar Dinajpur West Bengal MICR CODE

Find MICR Codes for Bank Of India Islampur Uttar Dinajpur West Bengal

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Town
Contact Pradeep Kumar,Ashwani Kr. Singh,Tel-24364800,24392200
Bank Details Bank Of India New Town BKID0004090
Location Islampur, Uttar Dinajpur
City Islampur
District Uttar Dinajpur
State West Bengal
Pincode 733203
Country IN
Address Deshbandhu para,new town,po:islampur, w.b.-733 203
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 0 for New Town 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 0 of BOI, New Town branch makes the system almost error free and faster. Use of BOI MICR codes for New Town branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of India are available with micr code -

>>New Town

MICR code for Bank Of India New Town

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 New Town 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. 0 is the MICR code of Bank Of India for New Town branch. MICR code for New Town 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 New Town is presented in the table alongside.

Use of BOI MICR code for New Town branch in islampur

The MICR code 0 is used in RBI cheque clearing process to identify the branch New Town 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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