Bank Of India Raurkela Sundargarh Orissa MICR CODE

Find MICR Codes for Bank Of India Raurkela Sundargarh Orissa

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MICR Code	-NA-
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	Vedvyas
Contact
Bank Details	Bank Of India Vedvyas BKID0005208

Location	Raurkela, Sundargarh
City	Raurkela
District	Sundargarh
State	Orissa
Pincode	769004
Country	IN
Address	Plot no 775 2579 brahmanitarang nh-215 near tci vedvyas rourkela dist vsundargarh, odisha 769004

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

A total of 6 branches of Bank Of India are available with micr code -

>>Chhend Hsg Colony >>Civil Township >>Main Road >>Rourkela >>Uditnagar >>Vedvyas

MICR code for Bank Of India Vedvyas

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 Vedvyas 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 Vedvyas branch. MICR code for Vedvyas 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 Vedvyas is presented in the table alongside.

Use of BOI MICR code for Vedvyas branch in raurkela

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