Bank Of India Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of India Ludhiana Ludhiana Punjab

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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	Raekot
Contact	C.Pillai, Chief Manage,R Tel: 0487- 2556462 2557805
Bank Details	Bank Of India Raekot BKID0006520

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141109
Country	IN
Address	Raekot, raekot, , district ludhiana, , ludhiana, 141109, punjab

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

A total of 34 branches of Bank Of India are available with micr code -

>>Banga >>Barewal Road >>Bhai Randhir Singh Nagar >>Bharat Nagar Chowk >>Bulara >>College Road Dakha >>Dad Village >>Dugri Road >>Fazilka >>Gidderwindi >>Jamalpur Awana >>Khanna >>Kochar Market >>Ludhiana Arb >>Ludhiana Corporate >>Ludhiana Hub >>Ludhiana Ind Area >>Ludhiana Main >>Ludhiana Service Branch >>Ludhiana Ssi >>Ludhiana Zcod >>Ludhiana Zonal Office >>Malaudh >>Mehdoodan Focal Point >>Model Town >>Partap Singh Wala >>Pohir >>Raekot >>Rahon Road >>Ramgarh Ludhiana >>Rara Sahib >>Shaheed Udham Singh Nagar >>South City Ayali Khurd >>Zirakpur

MICR code for Bank Of India Raekot

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 Raekot 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 Raekot branch. MICR code for Raekot 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 Raekot is presented in the table alongside.

Use of BOI MICR code for Raekot branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Raekot 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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