Bank Of India Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Bank Of India Jaipur Jaipur Rajasthan

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Virat Nagar
Contact 0
Bank Details Bank Of India Virat Nagar BKID0007450
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode
Country IN
Address Near main bus stand virat nagar district jaipur rajasthan pin 3030102
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 303013004 for Virat 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 303013004 of BOI, Virat Nagar branch makes the system almost error free and faster. Use of BOI MICR codes for Virat Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Virat 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 Virat 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. 303013004 is the MICR code of Bank Of India for Virat Nagar branch. MICR code for Virat 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 Virat Nagar is presented in the table alongside.

Use of BOI MICR code for Virat Nagar branch in jaipur

The MICR code 303013004 is used in RBI cheque clearing process to identify the branch Virat 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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