Bank Of India Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of India Rajkot Rajkot Gujarat

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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	Rajkot Mid Corporate
Contact	Mr D B Lakhani
Bank Details	Bank Of India Rajkot Mid Corporate BKID0003130

Location	Rajkot, Rajkot
City	Rajkot
District	Rajkot
State	Gujarat
Pincode	360001
Country	IN
Address	Bank of india, rajkot mid corporate branch, para bazar, m g road, rajkot-360001

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

A total of 15 branches of Bank Of India are available with micr code -

>>Bakti Nagar Ssi >>Bedipara >>Kalwad Road >>Lakhajiraj Road >>Malaviya Road >>Mangrol >>Marwadi Edu Campus >>Panchnath >>Rajkot >>Rajkot Mid Corporate >>Rajkot Service Branch >>Rajkot Zonal Office >>Shastrinagar >>Sorathiawadi >>University Road

MICR code for Bank Of India Rajkot Mid Corporate

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 Rajkot Mid Corporate 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 Rajkot Mid Corporate branch. MICR code for Rajkot Mid Corporate 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 Rajkot Mid Corporate is presented in the table alongside.

Use of BOI MICR code for Rajkot Mid Corporate branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajkot Mid Corporate 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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