Bank Of India Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Indore Indore Madhya Pradesh

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MICR Code	-NA-
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	Nipaniya
Contact	13 SAMAR PARK NIPANIYA NEAR APOLO D B CITY INDORE M P 452010 STD CODE 0731
Bank Details	Bank Of India Nipaniya BKID0008865

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452010
Country	IN
Address	0

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

A total of 72 branches of Bank Of India are available with micr code -

>>A.B. Road >>Airport Road >>Annapurna Road >>Barlai >>Betma >>Bijalpur >>Chandrawatiganj >>Collectorate Indore >>Darzi Karadia >>Datoda >>Depalpur >>Devi Ahalya Marg >>Dewas Naka >>Gandhi Nagar >>Gopur Square >>Goutampura >>Gurunanak Timber Market >>Harsola >>Head Office >>Index Medical College >>Indore >>Indore Asset Recovery Branch >>Indore Corporate Banking Branch >>Indore Main >>Indore Service Branch >>Indore Zonal Office >>Kajarana >>Kalariya >>Kampel >>Kanadiya Road >>Kanchan Baug >>Kasturbagram >>Kesar Bagh >>Khajrana >>Khurda >>Labriya Bherudhar Road >>Laxmibai Nagar >>Mahalaxmi Nagar >>Malharganj >>Malwa Mill >>Manpur >>Mhow >>Mhow >>Mhowgoan >>Musakhedi >>Musakhedi >>Narmada Malwa Gb Indore Br >>Nemawar Road >>Nipaniya >>Palasia >>Palasia >>Palasia Hsg And Finance >>Palda >>Pardesipura >>Pipliyahana >>Rajendra Nagar >>Rambaug >>Rangwasa >>Rao >>Rau >>Sanwer >>Sanyogitaganj >>Sapna Sangeeta Roadindore >>Schno One Thirty Four Indore >>Service Branch Indore >>Siyaganj >>Sudama Nagar Indore >>Sukhalia >>Talawali Chanda >>Transport Nagar >>Vijay Nagar Indore >>Vijay Nagar(Indore)

MICR code for Bank Of India Nipaniya

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 Nipaniya 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 Nipaniya branch. MICR code for Nipaniya 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 Nipaniya is presented in the table alongside.

Use of BOI MICR code for Nipaniya branch in indore

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