Bank Of India Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of India Hyderabad Hyderabad Andhra Pradesh

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hyderabad Service Branch
Contact Mr.Sailendra Dubey Tel No-9430374404
Bank Details Bank Of India Hyderabad Service Branch BKID0008625
Location Hyderabad, Hyderabad
City Hyderabad
District Hyderabad
State Andhra Pradesh
Pincode 500004
Country IN
Address Hyderabad service branch, 1-10-1199/2, 1st floor, p.t.i. Bldg., a.c. Gua, hyderabad, india, 500004, andhra pradesh
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 Hyderabad Service Branch 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, Hyderabad Service Branch branch makes the system almost error free and faster. Use of BOI MICR codes for Hyderabad Service Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Hyderabad Service Branch

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 Hyderabad Service Branch 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 Hyderabad Service Branch branch. MICR code for Hyderabad Service Branch 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 Hyderabad Service Branch is presented in the table alongside.

Use of BOI MICR code for Hyderabad Service Branch branch in hyderabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hyderabad Service Branch 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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