Bank Of India Thane Navi Mumbai Maharashtra MICR CODE

Find MICR Codes for Bank Of India Thane Navi Mumbai Maharashtra

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MICR Code	-NA-
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	Asset Recovery Branch
Contact	22-27564907
Bank Details	Bank Of India Asset Recovery Branch BKID0000201

Location	Thane, Navi Mumbai
City	Thane
District	Navi Mumbai
State	Maharashtra
Pincode	400614
Country	IN
Address	Bank of india,cbd belapur branch,plot no 11,sector 11,cbd belapur,navi mumbai 400614

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

A total of 1 branches of Bank Of India are available with micr code -

>>Asset Recovery Branch

MICR code for Bank Of India Asset Recovery Branch

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 Asset Recovery Branch 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 Bank Of India for Asset Recovery Branch branch. MICR code for Asset Recovery Branch 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 Asset Recovery Branch is presented in the table alongside.

Use of BOI MICR code for Asset Recovery Branch branch in thane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Asset Recovery Branch 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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