Bank Of India Abloli Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Abloli Ratnagiri Maharashtra

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MICR Code	415013540
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	Abloli
Contact
Bank Details	Bank Of India Abloli BKID0001438

Location	Abloli, Ratnagiri
City	Abloli
District	Ratnagiri
State	Maharashtra
Pincode	415726
Country	IN
Address	Survey no.1502, anandi sadan, at post abloli, tal guhagar, dist-ratnagiri, pin-415726

MICR Code	415833507
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	Abloli
Contact	2359-2359245045
Bank Details	Bank Of India Abloli BKID0VG3013

Location	Abloli, Ratnagiri
City	Abloli
District	Ratnagiri
State	Maharashtra
Pincode	415703
Country	IN
Address	A p.abloli, tal guhaghar, dist ratnagiri,pin 415703

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 415013540 for Abloli 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 415013540 of BOI, Abloli branch makes the system almost error free and faster. Use of BOI MICR codes for Abloli branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of India are available with micr code -

>>Abloli >>Abloli

MICR code for Bank Of India Abloli

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 Abloli 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. 415013540 is the MICR code of Bank Of India for Abloli branch. MICR code for Abloli 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 Abloli is presented in the table alongside.

Use of BOI MICR code for Abloli branch in abloli

The MICR code 415013540 is used in RBI cheque clearing process to identify the branch Abloli 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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