Bank Of India Saraipali Mahasamund Chhattisgarh MICR CODE

Find MICR Codes for Bank Of India Saraipali Mahasamund Chhattisgarh

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MICR Code	493013501
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	Saraipali
Contact	0
Bank Details	Bank Of India Saraipali BKID0009371

Location	Saraipali, Mahasamund
City	Saraipali
District	Mahasamund
State	Chhattisgarh
Pincode	493558
Country	IN
Address	Beside gayatri shakti peeth post saraipali tehsil/block saraipali district mahasamund pin 493558 state chattisgarh

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 493013501 for Saraipali 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 493013501 of BOI, Saraipali branch makes the system almost error free and faster. Use of BOI MICR codes for Saraipali 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 -

>>Saraipali

MICR code for Bank Of India Saraipali

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 Saraipali 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. 493013501 is the MICR code of Bank Of India for Saraipali branch. MICR code for Saraipali 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 Saraipali is presented in the table alongside.

Use of BOI MICR code for Saraipali branch in saraipali

The MICR code 493013501 is used in RBI cheque clearing process to identify the branch Saraipali 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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