Bank Of India Palladam Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Bank Of India Palladam Coimbatore Tamil Nadu

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch P.Vadugampalayam
Contact 9445244003
Bank Details Bank Of India P.Vadugampalayam BKID0008292
Location Palladam, Coimbatore
City Palladam
District Coimbatore
State Tamil Nadu
Pincode 641664
Country IN
Address Ss no 28 pollachi main road near veterinary hospital p vadugampalayam palladam 641 664
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 P.Vadugampalayam 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, P.Vadugampalayam branch makes the system almost error free and faster. Use of BOI MICR codes for P.Vadugampalayam 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 -

>>P.Vadugampalayam

MICR code for Bank Of India P.Vadugampalayam

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 P.Vadugampalayam 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 P.Vadugampalayam branch. MICR code for P.Vadugampalayam 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 P.Vadugampalayam is presented in the table alongside.

Use of BOI MICR code for P.Vadugampalayam branch in palladam

The MICR code 0 is used in RBI cheque clearing process to identify the branch P.Vadugampalayam 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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