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Bank Of India Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of India Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

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	Sector 20
Contact	Mr.Shekhar Mr.Shyam Sunder Mudgal Tel.-22213599
Bank Details	Bank Of India Sector 20 BKID0006201

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160020
Country	IN
Address	Sector 20, s.c.f.-9, sector 20-c, , chandigarh - 160 020., chandigarh, 160020, chandigarh (u.t.)

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 Sector 20 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, Sector 20 branch makes the system almost error free and faster. Use of BOI MICR codes for Sector 20 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Bank Of India are available with micr code -

>>Chandigarh Hi Tech >>Chandigarh Retail Hub >>Chandigarh Service Branch >>Dhanas >>Faridabad Ssi >>Hallo Majra >>Nbg Chandigarh >>Sector 17(Chandigarh Main) >>Sector 20 >>Sector 31 Chandigarh >>Sector 32 >>Sector 40 Chandigarh >>Sector 47

MICR code for Bank Of India Sector 20

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 Sector 20 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 Sector 20 branch. MICR code for Sector 20 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 Sector 20 is presented in the table alongside.

Use of BOI MICR code for Sector 20 branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sector 20 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.