Bank Of India Shajapur Shajapur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Shajapur Shajapur Madhya Pradesh

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MICR Code	465653555
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	Panwadi
Contact	91-9425946568
Bank Details	Bank Of India Panwadi BKID0MG0167

Location	Shajapur, Shajapur
City	Shajapur
District	Shajapur
State	Madhya Pradesh
Pincode
Country	IN
Address	Panwadi

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 465653555 for Panwadi 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 465653555 of BOI, Panwadi branch makes the system almost error free and faster. Use of BOI MICR codes for Panwadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Bank Of India are available with micr code -

>>Akodiya Mandi >>Aranya Kalan >>Awantipur Badodiya >>Berchha Mandi >>Bherawal >>Dupada >>Kalapipal >>Khardonkala >>Ldm Office Shajapur >>Maksi >>Manglaj >>Mohana >>Moman Badodiya >>Panwadi >>Polay Kala >>Ranayal >>Shajapur >>Shajapur >>Shujalpur City >>Shujalpur Mandi >>Tanki Chouraha >>Tilawad

MICR code for Bank Of India Panwadi

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 Panwadi 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. 465653555 is the MICR code of Bank Of India for Panwadi branch. MICR code for Panwadi 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 Panwadi is presented in the table alongside.

Use of BOI MICR code for Panwadi branch in shajapur

The MICR code 465653555 is used in RBI cheque clearing process to identify the branch Panwadi 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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