Bank Of India Sattenapalle Guntur Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of India Sattenapalle Guntur Andhra Pradesh

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MICR Code	-NA-
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	Sattenapalli
Contact	K Chaitanya 9642281151
Bank Details	Bank Of India Sattenapalli BKID0005676

Location	Sattenapalle, Guntur
City	Sattenapalle
District	Guntur
State	Andhra Pradesh
Pincode	522403
Country	IN
Address	Door no 8 2 51,52,53 & 54 , post office building , station road , sattenapalli post , guntur dist , andhra pradesh , pin 522403

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

>>Sattenapalli

MICR code for Bank Of India Sattenapalli

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

Use of BOI MICR code for Sattenapalli branch in sattenapalle

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