Bank Of India Agra Agra Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Agra Agra 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 Panwari
Contact 91-8173900129
Bank Details Bank Of India Panwari BKID0AG1141
Location Agra, Agra
City Agra
District Agra
State Uttar Pradesh
Pincode 282007
Country IN
Address At,postpanwari, blockachhnera , pin282007
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 282448018 for Panwari 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 282448018 of BOI, Panwari branch makes the system almost error free and faster. Use of BOI MICR codes for Panwari branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Panwari

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 Panwari 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. 282448018 is the MICR code of Bank Of India for Panwari branch. MICR code for Panwari 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 Panwari is presented in the table alongside.

Use of BOI MICR code for Panwari branch in agra

The MICR code 282448018 is used in RBI cheque clearing process to identify the branch Panwari 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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