Bank Of India Bharuch Bharuch Gujarat MICR CODE

Find MICR Codes for Bank Of India Bharuch Bharuch Gujarat

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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	Jhagadia
Contact	91-7283233066
Bank Details	Bank Of India Jhagadia BKID0003006

Location	Bharuch, Bharuch
City	Bharuch
District	Bharuch
State	Gujarat
Pincode	393110
Country	IN
Address	Prerna park complex ankleshwar rajpipla roaat post jhadadiadist bharuch

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

A total of 2 branches of Bank Of India are available with micr code -

>>Bharuch >>Jhagadia

MICR code for Bank Of India Jhagadia

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

Use of BOI MICR code for Jhagadia branch in bharuch

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