Bank Of India Alibag Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of India Alibag Raigad Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Alibag
Contact 1.H K Desai (Officer) 2.R R Gautam (Sr Branch Manager) Tel 27643697
Bank Details Bank Of India Alibag BKID0001200
Location Alibag, Raigad
City Alibag
District Raigad
State Maharashtra
Pincode 402201
Country IN
Address Alibag, 818 & 818k, balaji nak, tilak road, p.b.no.11, alibaug, 402201, maharashtra
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Poynad
Contact 022-402108
Bank Details Bank Of India Poynad BKID0001255
Location Alibag, Raigad
City Alibag
District Raigad
State Maharashtra
Pincode 402108
Country IN
Address House no 132 poynad bazarpeth alibag poynad raigad maharashtra
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 raigad

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

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

>>Alibag >>Poynad

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

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

BOI MICR code in alibag

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for alibag 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 alibag, 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 alibag 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 alibag 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 alibag branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for alibag 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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