Bank Of India Thane Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of India Thane Thane Maharashtra

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MICR Code	400013194
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	Asangaon
Contact	0
Bank Details	Bank Of India Asangaon BKID0000199

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	421601
Country	IN
Address	Shop no 1 2 3 4 grnd flr new pearl bldng tulsi vihar plot n8 op asangaon east rlway stn 421601

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 400013194 for Asangaon 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 400013194 of BOI, Asangaon branch makes the system almost error free and faster. Use of BOI MICR codes for Asangaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 24 branches of Bank Of India are available with micr code -

>>Ambernath >>Apmc Market Vashi Turbhe >>Asangaon >>Badlapur East >>Badlapur West >>Bhayandar >>Bhiwandi >>Boisar >>Cbd Belapur >>Dombivli >>Ghodbunder Road >>Kalwa East >>Kalyan >>Kopri Colony >>Mira Road >>Nalasopara(West) >>Palava City >>Rajaji Pathdombivali (East) >>Seawoods >>Shahapur >>Thane >>Thane Corporate Banking Branch >>Ulhasnagar >>Ulhasnagar 5

MICR code for Bank Of India Asangaon

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 Asangaon 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. 400013194 is the MICR code of Bank Of India for Asangaon branch. MICR code for Asangaon 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 Asangaon is presented in the table alongside.

Use of BOI MICR code for Asangaon branch in thane

The MICR code 400013194 is used in RBI cheque clearing process to identify the branch Asangaon 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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