Bank Of India Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Bank Of India Mumbai Greater Bombay Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

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 Management
Contact	26210407
Bank Details	Bank Of India Asset Recovery Management BKID0000159

Location	Mumbai, Greater Bombay
City	Mumbai
District	Greater Bombay
State	Maharashtra
Pincode	400058
Country	IN
Address	Boi building 2nd floor 28 s v road andheri west mumbai 400058

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

A total of 28 branches of Bank Of India are available with micr code -

>>Andheri Mid Corporate >>Ashokvan Borivali (East) >>Asset Recovery Management >>Bharat Diamond Bourse >>Bharatiya Mahila Bank >>Bill Desk Bkc >>Borivli Link Road >>Dahisar(East) >>Diamond Bourse Bkc >>Dombivali (West) >>Founding Branch >>J J Flyover >>Jogeshwari (East) >>Jogeshwari(West) >>Koparkhairane >>Kurla (West) >>Lalbaug (Mumbai) >>Lokhandwala Andheri (W) >>Lokhandwala Kandivli (E) >>Marol Andheri East >>Marve Road >>Mumbai Lcb Office >>Mumbai North Zonal Office >>Mumbai South Zonal Office >>Nariman Point Large Corporate >>Sewri (West) Branch >>Speez Mid Corporate >>Vikhroli(West)

MICR code for Bank Of India Asset Recovery Management

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 Management 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 Management branch. MICR code for Asset Recovery Management 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 Management is presented in the table alongside.

Use of BOI MICR code for Asset Recovery Management branch in mumbai

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

Copied!