Bank Of India Aligarh Aligarh Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Aligarh Aligarh 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 Shahgarh
Contact 91-8173900017
Bank Details Bank Of India Shahgarh BKID0AG1266
Location Aligarh, Aligarh
City Aligarh
District Aligarh
State Uttar Pradesh
Pincode 202129
Country IN
Address At,post shahgarh aligarh , pinã½202129
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 202448523 for Shahgarh 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 202448523 of BOI, Shahgarh branch makes the system almost error free and faster. Use of BOI MICR codes for Shahgarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Shahgarh

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 Shahgarh 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. 202448523 is the MICR code of Bank Of India for Shahgarh branch. MICR code for Shahgarh 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 Shahgarh is presented in the table alongside.

Use of BOI MICR code for Shahgarh branch in aligarh

The MICR code 202448523 is used in RBI cheque clearing process to identify the branch Shahgarh 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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