Bank Of India Bhilavadi Sangli Maharashtra MICR CODE

Find MICR Codes for Bank Of India Bhilavadi Sangli Maharashtra

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MICR Code	416013577
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	Bhilwadi Station
Contact
Bank Details	Bank Of India Bhilwadi Station BKID0001621

Location	Bhilavadi, Sangli
City	Bhilavadi
District	Sangli
State	Maharashtra
Pincode	416303
Country	IN
Address	Chitale dairy campus bhilwadi station taluka palus district sangli 416303

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 416013577 for Bhilwadi Station 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 416013577 of BOI, Bhilwadi Station branch makes the system almost error free and faster. Use of BOI MICR codes for Bhilwadi Station 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 -

>>Bhilwadi Station

MICR code for Bank Of India Bhilwadi Station

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 Bhilwadi Station 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. 416013577 is the MICR code of Bank Of India for Bhilwadi Station branch. MICR code for Bhilwadi Station 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 Bhilwadi Station is presented in the table alongside.

Use of BOI MICR code for Bhilwadi Station branch in bhilavadi

The MICR code 416013577 is used in RBI cheque clearing process to identify the branch Bhilwadi Station 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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