Bank Of India Sakti Sakti Chandigarh MICR CODE

Find MICR Codes for Bank Of India Sakti Sakti Chandigarh

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sakti
Contact 7757-9044864980
Bank Details Bank Of India Sakti BKID0009390
Location Sakti, Sakti
City Sakti
District Sakti
State Chandigarh
Pincode
Country IN
Address Ward no -16, plot no 22/7 sunil trader station road ,opp pnb bank
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.

Search Bank Of India MICR Codes in sakti

You can search through MICR Codes of Chandigarh branches in sakti of District sakti in Chandigarh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Sakti

How to find MICR codes for Bank Of India in sakti?

Bank Of India sakti MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for sakti, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India sakti branches.

BOI MICR code in sakti

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for sakti branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in sakti, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for sakti branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India sakti branch, sprinted 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. Thus MICR code for BOI sakti branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for sakti branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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