Central Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Central Bank Bhopal Bhopal Madhya Pradesh

MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vidya Nagar
Contact 022-22612008
Bank Details Central Bank Of India Vidya Nagar CBIN0284937
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462026
Country IN
Address B-9, vidya nagar, main market, in front of sbi atm, city-bhopal, dist-bhopal, madhya pradesh-462026
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 Vidya 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 Central Bank Of India, Vidya Nagar branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Vidya Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Vidya Nagar

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Vidya 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 Central Bank India for Vidya Nagar branch. MICR code for Vidya 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 Central Bank Of India Vidya Nagar is presented in the table alongside.

Use of Central Bank Of India MICR code for Vidya Nagar branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vidya Nagar and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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