Bank Of India Hoshangabad Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Hoshangabad Hoshangabad 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 Pipariyahoshangabad
Contact 91-8226010089
Bank Details Bank Of India Pipariyahoshangabad BKID0MG1024
Location Hoshangabad, Hoshangabad
City Hoshangabad
District Hoshangabad
State Madhya Pradesh
Pincode 461775
Country IN
Address Posttehsilpiparia, disthoshangabad 461775
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 461653302 for Pipariyahoshangabad 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 461653302 of BOI, Pipariyahoshangabad branch makes the system almost error free and faster. Use of BOI MICR codes for Pipariyahoshangabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Pipariyahoshangabad

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 Pipariyahoshangabad 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. 461653302 is the MICR code of Bank Of India for Pipariyahoshangabad branch. MICR code for Pipariyahoshangabad 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 Pipariyahoshangabad is presented in the table alongside.

Use of BOI MICR code for Pipariyahoshangabad branch in hoshangabad

The MICR code 461653302 is used in RBI cheque clearing process to identify the branch Pipariyahoshangabad 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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