Bank Of India Vidisha Vidisha Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Vidisha Vidisha Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	464653204
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	Lateri
Contact	91-9630030474
Bank Details	Bank Of India Lateri BKID0MG7056

Location	Vidisha, Vidisha
City	Vidisha
District	Vidisha
State	Madhya Pradesh
Pincode
Country	IN
Address	Lateri, tah. Lateri, distt. Vidisha

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 464653204 for Lateri 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 464653204 of BOI, Lateri branch makes the system almost error free and faster. Use of BOI MICR codes for Lateri branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Bank Of India are available with micr code -

>>Baagri >>Basoda >>Civil Lines >>Ganj >>Gulabganj >>Gurod >>Hansua >>Hathoda >>Khamkheda >>Kurwai >>Lateri >>Layra >>Mahlua Chouraha >>Shamshabad >>Sihora >>Sirnota >>Sironj >>Sojana >>Udaypur >>Vidisha >>Vidisha

MICR code for Bank Of India Lateri

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 Lateri 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. 464653204 is the MICR code of Bank Of India for Lateri branch. MICR code for Lateri 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 Lateri is presented in the table alongside.

Use of BOI MICR code for Lateri branch in vidisha

The MICR code 464653204 is used in RBI cheque clearing process to identify the branch Lateri 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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