Bank Of India Bagasara Amreli Gujarat MICR CODE

Find MICR Codes for Bank Of India Bagasara Amreli Gujarat

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MICR Code	365013504
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	Bagasara
Contact	Mr Suresh Bathwar - 09909196859
Bank Details	Bank Of India Bagasara BKID0002745

Location	Bagasara, Amreli
City	Bagasara
District	Amreli
State	Gujarat
Pincode	365440
Country	IN
Address	Bank of india, first floor, ram complex, near old bus stand chowk, bagasara. Pin no: 365440 dist : amreli

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 365013504 for Bagasara 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 365013504 of BOI, Bagasara branch makes the system almost error free and faster. Use of BOI MICR codes for Bagasara 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 -

>>Bagasara

MICR code for Bank Of India Bagasara

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 Bagasara 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. 365013504 is the MICR code of Bank Of India for Bagasara branch. MICR code for Bagasara 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 Bagasara is presented in the table alongside.

Use of BOI MICR code for Bagasara branch in bagasara

The MICR code 365013504 is used in RBI cheque clearing process to identify the branch Bagasara 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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