Bank Of India Ghaziabad Ghaziabad Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Ghaziabad Ghaziabad 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 Vaishali
Contact
Bank Details Bank Of India Vaishali BKID0007109
Location Ghaziabad, Ghaziabad
City Ghaziabad
District Ghaziabad
State Uttar Pradesh
Pincode 201010
Country IN
Address Gaur gravity shop no.9-10,sector-4 vaishali distt. Ghaziabad pin 201010
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 110013120 for Vaishali 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 110013120 of BOI, Vaishali branch makes the system almost error free and faster. Use of BOI MICR codes for Vaishali branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Vaishali

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 Vaishali 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. 110013120 is the MICR code of Bank Of India for Vaishali branch. MICR code for Vaishali 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 Vaishali is presented in the table alongside.

Use of BOI MICR code for Vaishali branch in ghaziabad

The MICR code 110013120 is used in RBI cheque clearing process to identify the branch Vaishali 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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