Bank Of India Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Nagpur Nagpur Maharashtra

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rana Pratap Nagar
Contact Prashant K. Gujar 022-25962558
Bank Details Bank Of India Rana Pratap Nagar BKID0008722
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440022
Country IN
Address Rana pratapnagar, plot no. 24, , ganesh layout, , nagpur, 440022, maharashtra
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 Rana Pratap Nagar 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, Rana Pratap Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Rana Pratap Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Rana Pratap Nagar

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 Rana Pratap Nagar 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 Rana Pratap Nagar branch. MICR code for Rana Pratap Nagar 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 Rana Pratap Nagar is presented in the table alongside.

Use of BOI MICR code for Rana Pratap Nagar branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rana Pratap Nagar 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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