Bank Of India Patiala Patiala Punjab MICR CODE

Find MICR Codes for Bank Of India Patiala Patiala Punjab

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patiala Main
Contact M.Babu Thomas, Sr. Manager, Tel: 0469-2741079
Bank Details Bank Of India Patiala Main BKID0006550
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147001
Country IN
Address Patiala main,the mall,chowk fountain,patiala,147001,punjab
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Patiala
Contact Shri A.K.B.Nair, Manager, Tel: 0468- 2321344
Bank Details Bank Of India New Patiala BKID0006551
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147001
Country IN
Address New patiala,25/26 new grain market,shirhind road,patiala,147001,punjab
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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.

Search Bank Of India MICR Codes in patiala

You can search through MICR Codes of Punjab branches in patiala of District patiala in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 7 branches of Bank Of India are available with micr code -

>>Balbera >>Dashmeshnagar >>New Patiala >>Patiala Main >>Patiala Retail Hub >>Rajpur Township >>Samana

How to find MICR codes for Bank Of India in patiala?

Bank Of India patiala MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for patiala, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India patiala branches.

BOI MICR code in patiala

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for patiala branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in patiala, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for patiala branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India patiala branch, sprinted 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. Thus MICR code for BOI patiala branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for patiala branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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