Bank Of India Lucknow Lucknow Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of India Lucknow Lucknow Uttar Pradesh

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rakabganj
Contact 5544-7388800612
Bank Details Bank Of India Rakabganj BKID0AG0012
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226004
Country IN
Address 253 127, kundari lucknow , pin226004
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 226448008 for Rakabganj 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 226448008 of BOI, Rakabganj branch makes the system almost error free and faster. Use of BOI MICR codes for Rakabganj branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Rakabganj

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 Rakabganj 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. 226448008 is the MICR code of Bank Of India for Rakabganj branch. MICR code for Rakabganj 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 Rakabganj is presented in the table alongside.

Use of BOI MICR code for Rakabganj branch in lucknow

The MICR code 226448008 is used in RBI cheque clearing process to identify the branch Rakabganj 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.

Copied!