Bank Of India Seoni Malwa Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Seoni Malwa Hoshangabad Madhya Pradesh

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MICR Code	461013506
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	Seoni Malwa
Contact	Mr B.S.Baan, Mobile No 09893438696
Bank Details	Bank Of India Seoni Malwa BKID0009039

Location	Seoni Malwa, Hoshangabad
City	Seoni Malwa
District	Hoshangabad
State	Madhya Pradesh
Pincode	461223
Country	IN
Address	Opp. Bus stand, seoni malwa dist- hoshangabad(m.p) pin- 461223

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 461013506 for Seoni Malwa 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 461013506 of BOI, Seoni Malwa branch makes the system almost error free and faster. Use of BOI MICR codes for Seoni Malwa 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 -

>>Seoni Malwa

MICR code for Bank Of India Seoni Malwa

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 Seoni Malwa 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. 461013506 is the MICR code of Bank Of India for Seoni Malwa branch. MICR code for Seoni Malwa 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 Seoni Malwa is presented in the table alongside.

Use of BOI MICR code for Seoni Malwa branch in seoni malwa

The MICR code 461013506 is used in RBI cheque clearing process to identify the branch Seoni Malwa 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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