Bank Of India Sambhal Moradabad Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Sambhal Moradabad 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 Sambhal
Contact Mr. C.P.Singh (Br. Manager) Tel : 05923-231515 Mob. +919412856593
Bank Details Bank Of India Sambhal BKID0007805
Location Sambhal, Moradabad
City Sambhal
District Moradabad
State Uttar Pradesh
Pincode 244302
Country IN
Address Arya samaj road, near arya samaj mandir,sambhal, distt. Moradabad, u.p.
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 Sambhal 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, Sambhal branch makes the system almost error free and faster. Use of BOI MICR codes for Sambhal branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of India are available with micr code -

>>Chandausi >>Sambhal

MICR code for Bank Of India Sambhal

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 Sambhal 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 Sambhal branch. MICR code for Sambhal 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 Sambhal is presented in the table alongside.

Use of BOI MICR code for Sambhal branch in sambhal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sambhal 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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