Bank Of India Kochi Ernakulam Kerala MICR CODE

Find MICR Codes for Bank Of India Kochi Ernakulam Kerala

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Willingdon Island
Contact Mr. K.Muruganandan, Tel. 044 22425596
Bank Details Bank Of India Willingdon Island BKID0008511
Location Kochi, Ernakulam
City Kochi
District Ernakulam
State Kerala
Pincode 682003
Country IN
Address Willingdon island,post box no. 540,,willingdon island,,kochi,682003,kerala
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 Willingdon Island 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, Willingdon Island branch makes the system almost error free and faster. Use of BOI MICR codes for Willingdon Island branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Willingdon Island

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 Willingdon Island 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 Willingdon Island branch. MICR code for Willingdon Island 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 Willingdon Island is presented in the table alongside.

Use of BOI MICR code for Willingdon Island branch in kochi

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