Bank Of India Ratangarh Churu Rajasthan MICR CODE

Find MICR Codes for Bank Of India Ratangarh Churu Rajasthan

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MICR Code	331013051
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	Ratangarh
Contact
Bank Details	Bank Of India Ratangarh BKID0007474

Location	Ratangarh, Churu
City	Ratangarh
District	Churu
State	Rajasthan
Pincode	331022
Country	IN
Address	Near govt. Hospital, kulthia medical store,station road, ratangarh distt. Churu (rajasthan),pin - 331022

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 331013051 for Ratangarh 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 331013051 of BOI, Ratangarh branch makes the system almost error free and faster. Use of BOI MICR codes for Ratangarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of India are available with micr code -

>>Ratangarh

MICR code for Bank Of India Ratangarh

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 Ratangarh 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. 331013051 is the MICR code of Bank Of India for Ratangarh branch. MICR code for Ratangarh 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 Ratangarh is presented in the table alongside.

Use of BOI MICR code for Ratangarh branch in ratangarh

The MICR code 331013051 is used in RBI cheque clearing process to identify the branch Ratangarh 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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