Bank Of India Khordha Khordha Orissa MICR CODE

Find MICR Codes for Bank Of India Khordha Khordha 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	Balugaon
Contact	91-7978275677
Bank Details	Bank Of India Balugaon BKID0005548

Location	Khordha, Khordha
City	Khordha
District	Khordha
State	Orissa
Pincode	752030
Country	IN
Address	Bank of india balugaon branch plot no- 505/779 tahasil-chilika ps-banpur dist-khordha odisha-752030

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

A total of 1 branches of Bank Of India are available with micr code -

>>Balugaon

MICR code for Bank Of India Balugaon

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

Use of BOI MICR code for Balugaon branch in khordha

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