Bank Of India Bhinga Shravasti Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Bhinga Shravasti 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 Ratnapur
Contact 91-8052302158
Bank Details Bank Of India Ratnapur BKID0AG1912
Location Bhinga, Shravasti
City Bhinga
District Shravasti
State Uttar Pradesh
Pincode 271801
Country IN
Address Vill. Ratnapur blockgilaula podikauli tahsilbhinga , pin271801
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 271448010 for Ratnapur 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 271448010 of BOI, Ratnapur branch makes the system almost error free and faster. Use of BOI MICR codes for Ratnapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Ratnapur

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 Ratnapur 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. 271448010 is the MICR code of Bank Of India for Ratnapur branch. MICR code for Ratnapur 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 Ratnapur is presented in the table alongside.

Use of BOI MICR code for Ratnapur branch in bhinga

The MICR code 271448010 is used in RBI cheque clearing process to identify the branch Ratnapur 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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