Bank Of India Bokaro Bokaro Jharkhand MICR CODE

Find MICR Codes for Bank Of India Bokaro Bokaro Jharkhand

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector 12 B.S. City
Contact Br Mgr 8987366123
Bank Details Bank Of India Sector 12 B.S. City BKID0005867
Location Bokaro, Bokaro
City Bokaro
District Bokaro
State Jharkhand
Pincode 827012
Country IN
Address Mount sion school sector-12 d, b.s. City dist. Bokaro jharkhand pin code- 827012
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 827013021 for Sector 12 B.S. City 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 827013021 of BOI, Sector 12 B.S. City branch makes the system almost error free and faster. Use of BOI MICR codes for Sector 12 B.S. City branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Sector 12 B.S. City

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 Sector 12 B.S. City 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. 827013021 is the MICR code of Bank Of India for Sector 12 B.S. City branch. MICR code for Sector 12 B.S. City 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 Sector 12 B.S. City is presented in the table alongside.

Use of BOI MICR code for Sector 12 B.S. City branch in bokaro

The MICR code 827013021 is used in RBI cheque clearing process to identify the branch Sector 12 B.S. City 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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