Bank Of India Bolangir Bolangir Orissa MICR CODE

Find MICR Codes for Bank Of India Bolangir Bolangir Orissa

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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	Palace Line
Contact	22-9078323344
Bank Details	Bank Of India Palace Line BKID0005525

Location	Bolangir, Bolangir
City	Bolangir
District	Bolangir
State	Orissa
Pincode	767001
Country	IN
Address	Bank of india palace line branch at palace line ward no 20 po bolangir dist bolangir odisha pin 767001

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

A total of 1 branches of Bank Of India are available with micr code -

>>Palace Line

MICR code for Bank Of India Palace Line

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 Palace Line 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 Palace Line branch. MICR code for Palace Line 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 Palace Line is presented in the table alongside.

Use of BOI MICR code for Palace Line branch in bolangir

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