Bank Of India Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Varanasi Varanasi 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 Teliyabagh Branch
Contact Shri Amit Kumar Yadav Mobile No. 9415389015,Shri Nand Lal Mobile No. 8601190990
Bank Details Bank Of India Teliyabagh Branch BKID0006909
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221001
Country IN
Address C-28/121-1, 122-g-1, 2 teliyabagh. Distt- varanasi-221001
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 0 for Teliyabagh Branch 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 0 of BOI, Teliyabagh Branch branch makes the system almost error free and faster. Use of BOI MICR codes for Teliyabagh Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Teliyabagh Branch

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 Teliyabagh Branch 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. 0 is the MICR code of Bank Of India for Teliyabagh Branch branch. MICR code for Teliyabagh Branch 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 Teliyabagh Branch is presented in the table alongside.

Use of BOI MICR code for Teliyabagh Branch branch in varanasi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Teliyabagh Branch 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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