Bank Of India Lucknow Bara Banki Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Lucknow Bara Banki Uttar Pradesh

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Peedh
Contact 91-7388800380
Bank Details Bank Of India Peedh BKID0AG0380
Location Lucknow, Bara Banki
City Lucknow
District Bara Banki
State Uttar Pradesh
Pincode 225301
Country IN
Address At,postpeedh barabanki , pin225301
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 226448543 for Peedh 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 226448543 of BOI, Peedh branch makes the system almost error free and faster. Use of BOI MICR codes for Peedh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Peedh

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 Peedh 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. 226448543 is the MICR code of Bank Of India for Peedh branch. MICR code for Peedh 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 Peedh is presented in the table alongside.

Use of BOI MICR code for Peedh branch in lucknow

The MICR code 226448543 is used in RBI cheque clearing process to identify the branch Peedh 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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