Bank Of India Jhabua Jhabua Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Jhabua Jhabua Madhya Pradesh

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MICR Code	457653519
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	Raipuriya
Contact	91-8234002005
Bank Details	Bank Of India Raipuriya BKID0MG5006

Location	Jhabua, Jhabua
City	Jhabua
District	Jhabua
State	Madhya Pradesh
Pincode
Country	IN
Address	Main road,raipuriya,

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 457653519 for Raipuriya 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 457653519 of BOI, Raipuriya branch makes the system almost error free and faster. Use of BOI MICR codes for Raipuriya branch, makes the characters readable even if there are other marks and stamps on it.

A total of 26 branches of Bank Of India are available with micr code -

>>Bamniya >>Barwet >>Bolasa >>Jhabua >>Jhabua Main >>Jhaknawda >>Jhasec Mp >>Kakanwani >>Kalidevi >>Kalyanpura >>Karwad >>Khawasa >>Kundanpur >>Meghnagar >>Para >>Parwaliya >>Petlawad >>Pitol >>Raipuriya >>Rambhapur >>Ranapur >>Regional Office Jhabua >>Samoi >>Sarangi >>Thandla >>Umarkot

MICR code for Bank Of India Raipuriya

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 Raipuriya 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. 457653519 is the MICR code of Bank Of India for Raipuriya branch. MICR code for Raipuriya 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 Raipuriya is presented in the table alongside.

Use of BOI MICR code for Raipuriya branch in jhabua

The MICR code 457653519 is used in RBI cheque clearing process to identify the branch Raipuriya 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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