Bank Of India Mainpuri Mainpuri Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Mainpuri Mainpuri Uttar Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratibhanpur
Contact 91-7388600735
Bank Details Bank Of India Ratibhanpur BKID0AG0735
Location Mainpuri, Mainpuri
City Mainpuri
District Mainpuri
State Uttar Pradesh
Pincode 205001
Country IN
Address At,postratibhanpur mainpuri , pin205001
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 205448530 for Ratibhanpur 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 205448530 of BOI, Ratibhanpur branch makes the system almost error free and faster. Use of BOI MICR codes for Ratibhanpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Ratibhanpur

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 Ratibhanpur 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. 205448530 is the MICR code of Bank Of India for Ratibhanpur branch. MICR code for Ratibhanpur 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 Ratibhanpur is presented in the table alongside.

Use of BOI MICR code for Ratibhanpur branch in mainpuri

The MICR code 205448530 is used in RBI cheque clearing process to identify the branch Ratibhanpur 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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