Bank Of India Chandgad Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Chandgad Kolhapur 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	Chandgad
Contact	R M Mane,Cm ,952141-222103,K Vgurjar,Officer,952141-222107
Bank Details	Bank Of India Chandgad BKID0000912

Location	Chandgad, Kolhapur
City	Chandgad
District	Kolhapur
State	Maharashtra
Pincode	416509
Country	IN
Address	Chandgad, c.s.no.217, guruwar pe, chandgad, , chandgad, 416509, maharashtra

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.

Search Bank Of India MICR Codes in kolhapur

You can search through MICR Codes of Maharashtra branches in chandgad of District kolhapur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Chandgad

How to find MICR codes for Bank Of India in chandgad?

Bank Of India chandgad MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for chandgad, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India chandgad branches.

BOI MICR code in chandgad

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for chandgad branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in chandgad, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for chandgad branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India chandgad branch, sprinted 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. Thus MICR code for BOI chandgad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for chandgad branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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