Bank Of India Barwani Barwani Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Barwani Barwani Madhya Pradesh

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MICR Code	451653514
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	Silawad
Contact	91-9981143968
Bank Details	Bank Of India Silawad BKID0MG0215

Location	Barwani, Barwani
City	Barwani
District	Barwani
State	Madhya Pradesh
Pincode
Country	IN
Address	Palsud road ,silawad,

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 451653514 for Silawad 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 451653514 of BOI, Silawad branch makes the system almost error free and faster. Use of BOI MICR codes for Silawad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 23 branches of Bank Of India are available with micr code -

>>Anjad >>Barwani >>Barwani >>Chachariya Pati >>Danod Road >>Dawana >>Dhanora >>Dhawali >>Jalgoan >>Julwaniya >>Khetiya >>Ldm Office Barwani >>Nagalwadi >>Niwali >>Palsud >>Pansemal >>Pati >>Rajpur >>Segaon Barwani >>Sendhwa >>Silawad >>Talwada Deb >>Thikri

MICR code for Bank Of India Silawad

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 Silawad 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. 451653514 is the MICR code of Bank Of India for Silawad branch. MICR code for Silawad 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 Silawad is presented in the table alongside.

Use of BOI MICR code for Silawad branch in barwani

The MICR code 451653514 is used in RBI cheque clearing process to identify the branch Silawad 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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