Bank Of India Chhatarpur Chhatarpur Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of India Chhatarpur Chhatarpur Madhya Pradesh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mpgb Kishanghar
Contact 91-9770931743
Bank Details Bank Of India Mpgb Kishanghar BKID0MG2129
Location Chhatarpur, Chhatarpur
City Chhatarpur
District Chhatarpur
State Madhya Pradesh
Pincode 471405
Country IN
Address Vill post kishangarh,bijawar tehsil district chhatarpur 471405
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 Mpgb Kishanghar 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, Mpgb Kishanghar branch makes the system almost error free and faster. Use of BOI MICR codes for Mpgb Kishanghar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Mpgb Kishanghar

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 Mpgb Kishanghar 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 Mpgb Kishanghar branch. MICR code for Mpgb Kishanghar 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 Mpgb Kishanghar is presented in the table alongside.

Use of BOI MICR code for Mpgb Kishanghar branch in chhatarpur

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