Bank Of India Sikar Sikar Rajasthan MICR CODE

Find MICR Codes for Bank Of India Sikar Sikar Rajasthan

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MICR Code	332013053
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	Sri Madhopur
Contact
Bank Details	Bank Of India Sri Madhopur BKID0007483

Location	Sikar, Sikar
City	Sikar
District	Sikar
State	Rajasthan
Pincode	332715
Country	IN
Address	Roliyana bhawan,khandela road, ward no-1, sri madhopur, dist-sikar-332715

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 332013053 for Sri Madhopur 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 332013053 of BOI, Sri Madhopur branch makes the system almost error free and faster. Use of BOI MICR codes for Sri Madhopur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of India are available with micr code -

>>Sikar >>Sri Madhopur

MICR code for Bank Of India Sri Madhopur

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 Sri Madhopur 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. 332013053 is the MICR code of Bank Of India for Sri Madhopur branch. MICR code for Sri Madhopur 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 Sri Madhopur is presented in the table alongside.

Use of BOI MICR code for Sri Madhopur branch in sikar

The MICR code 332013053 is used in RBI cheque clearing process to identify the branch Sri Madhopur 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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