MICR Code Bank
Find MICR code for Bank Of India branches in India for NEFT and RTGS transfer

Bank Of India MICR CODE

Find MICR Codes for Bank Of India

Selected Bank + -

  

Selected State + -

  

Selected District + -

  

Selected City + -

  

Selected Branch + -

  
  1. Bank Of India »
  2. Maharashtra »
  3. nanded »
  4. nanded »
  5. nanded

Find MICR Codes for Bank Of India

MICR Code: -NA-
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Nanded
Contact: Shri Narendra Patil, Tel: 952550266922
Bank Details: Bank Of India Nanded BKID0000650
Location: Nanded, Nanded
City: Nanded
District: Nanded
State: Maharashtra
Pincode: 431601
Country: IN
Address: Opp. Govt. Multipurpose highschool, vazirabad, nanded, 431601

How does MICR code for 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 of BOI, branch makes the system almost error free and faster. Use of BOI MICR codes for 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

>>Nanded >>V.I. P Road

MICR code for Bank Of India

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

Use of BOI MICR code for branch in nanded

The MICR code is used in RBI cheque clearing process to identify the 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.