Bank Of India Gumla Gumla Jharkhand MICR CODE

Find MICR Codes for Bank Of India Gumla Gumla Jharkhand

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MICR Code	835013105
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	Pugu
Contact	9835806781
Bank Details	Bank Of India Pugu BKID0006156

Location	Gumla, Gumla
City	Gumla
District	Gumla
State	Jharkhand
Pincode	835207
Country	IN
Address	Vill pugu behratoli palkot road

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 835013105 for Pugu 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 835013105 of BOI, Pugu branch makes the system almost error free and faster. Use of BOI MICR codes for Pugu branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Bank Of India are available with micr code -

>>Gumla >>Jari >>Jashpur Road (Gumla) >>Ldmo Gumla >>Mamarla >>Pugu

MICR code for Bank Of India Pugu

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 Pugu 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. 835013105 is the MICR code of Bank Of India for Pugu branch. MICR code for Pugu 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 Pugu is presented in the table alongside.

Use of BOI MICR code for Pugu branch in gumla

The MICR code 835013105 is used in RBI cheque clearing process to identify the branch Pugu 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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