Bank Of India Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of India Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

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	Chandigarh Retail Hub
Contact	Ashok Sharma 0172-2724610
Bank Details	Bank Of India Chandigarh Retail Hub BKID0006208

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode
Country	IN
Address	S.c.o.81-82, sector 17-b chandigarh

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

A total of 13 branches of Bank Of India are available with micr code -

>>Chandigarh Hi Tech >>Chandigarh Retail Hub >>Chandigarh Service Branch >>Dhanas >>Faridabad Ssi >>Hallo Majra >>Nbg Chandigarh >>Sector 17(Chandigarh Main) >>Sector 20 >>Sector 31 Chandigarh >>Sector 32 >>Sector 40 Chandigarh >>Sector 47

MICR code for Bank Of India Chandigarh Retail Hub

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 Chandigarh Retail Hub 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 Chandigarh Retail Hub branch. MICR code for Chandigarh Retail Hub 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 Chandigarh Retail Hub is presented in the table alongside.

Use of BOI MICR code for Chandigarh Retail Hub branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Chandigarh Retail Hub 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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