Bank Of India Jabalpur Jabalpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Jabalpur Jabalpur Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patan
Contact 91-8226010392
Bank Details Bank Of India Patan BKID0MG1210
Location Jabalpur, Jabalpur
City Jabalpur
District Jabalpur
State Madhya Pradesh
Pincode
Country IN
Address Near busstand patan, jabalpur
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 482653002 for Patan 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 482653002 of BOI, Patan branch makes the system almost error free and faster. Use of BOI MICR codes for Patan branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Patan

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 Patan 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. 482653002 is the MICR code of Bank Of India for Patan branch. MICR code for Patan 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 Patan is presented in the table alongside.

Use of BOI MICR code for Patan branch in jabalpur

The MICR code 482653002 is used in RBI cheque clearing process to identify the branch Patan 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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