Bank Of India Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Varanasi Varanasi 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 Orderly Bazar
Contact Manoj Kumar Singh 09451964833
Bank Details Bank Of India Orderly Bazar BKID0006906
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221002
Country IN
Address 5-2. 1/1 ka, tagore town colony, orderly bazar, varanasi 221002
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 221013010 for Orderly Bazar 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 221013010 of BOI, Orderly Bazar branch makes the system almost error free and faster. Use of BOI MICR codes for Orderly Bazar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Orderly Bazar

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 Orderly Bazar 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. 221013010 is the MICR code of Bank Of India for Orderly Bazar branch. MICR code for Orderly Bazar 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 Orderly Bazar is presented in the table alongside.

Use of BOI MICR code for Orderly Bazar branch in varanasi

The MICR code 221013010 is used in RBI cheque clearing process to identify the branch Orderly Bazar 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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