Bank Of India Narsinghpur Narsinghpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Narsinghpur Narsinghpur Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Singhpur Bada
Contact 91-8226010378
Bank Details Bank Of India Singhpur Bada BKID0MG1244
Location Narsinghpur, Narsinghpur
City Narsinghpur
District Narsinghpur
State Madhya Pradesh
Pincode 487110
Country IN
Address Vpo singhpur bada block narsinghpur, tah narsinghpur 487110
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 487653511 for Singhpur Bada 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 487653511 of BOI, Singhpur Bada branch makes the system almost error free and faster. Use of BOI MICR codes for Singhpur Bada branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Singhpur Bada

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 Singhpur Bada 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. 487653511 is the MICR code of Bank Of India for Singhpur Bada branch. MICR code for Singhpur Bada 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 Singhpur Bada is presented in the table alongside.

Use of BOI MICR code for Singhpur Bada branch in narsinghpur

The MICR code 487653511 is used in RBI cheque clearing process to identify the branch Singhpur Bada 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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