Bank Of India Sheo Barmer Rajasthan MICR CODE

Find MICR Codes for Bank Of India Sheo Barmer Rajasthan

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MICR Code	344013003
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	Sheo
Contact	0
Bank Details	Bank Of India Sheo BKID0007854

Location	Sheo, Barmer
City	Sheo
District	Barmer
State	Rajasthan
Pincode	344701
Country	IN
Address	Near swagat hotel nh 15 sheo tahsil sheo dist barmer pin 344701 rajasthan

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 344013003 for Sheo 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 344013003 of BOI, Sheo branch makes the system almost error free and faster. Use of BOI MICR codes for Sheo 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 -

>>Sheo

MICR code for Bank Of India Sheo

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 Sheo 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. 344013003 is the MICR code of Bank Of India for Sheo branch. MICR code for Sheo 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 Sheo is presented in the table alongside.

Use of BOI MICR code for Sheo branch in sheo

The MICR code 344013003 is used in RBI cheque clearing process to identify the branch Sheo 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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