Bank Of India Patiala Patiala Punjab MICR CODE

Find MICR Codes for Bank Of India Patiala Patiala Punjab

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State
District
City
Branch
Address

MICR Code	-NA-
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	Patiala Retail Hub
Contact	Sh. Chiranji Lal, 09878606512
Bank Details	Bank Of India Patiala Retail Hub BKID0006554

Location	Patiala, Patiala
City	Patiala
District	Patiala
State	Punjab
Pincode	147001
Country	IN
Address	Sco-6, chotti baradari, the mall, patiala-147001

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

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

MICR code for Bank Of India Patiala Retail Hub

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 Patiala Retail Hub 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 Patiala Retail Hub branch. MICR code for Patiala Retail Hub 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 Patiala Retail Hub is presented in the table alongside.

Use of BOI MICR code for Patiala Retail Hub branch in patiala

The MICR code 0 is used in RBI cheque clearing process to identify the branch Patiala Retail Hub 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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