Bank Of India Devrukh Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Devrukh Ratnagiri Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	415833516
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	Devrukh
Contact	2354-2354261593
Bank Details	Bank Of India Devrukh BKID0VG3014

Location	Devrukh, Ratnagiri
City	Devrukh
District	Ratnagiri
State	Maharashtra
Pincode	415639
Country	IN
Address	Vidharbh konkan gramin bank deorukh branch rajanigandha mangales house at 7 podeorukh tal sangameshwar dist ratnagiri ratnagiri mh 415639 india,ratnagiri

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 415833516 for Devrukh 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 415833516 of BOI, Devrukh branch makes the system almost error free and faster. Use of BOI MICR codes for Devrukh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of India are available with micr code -

>>Deorukh >>Devrukh

MICR code for Bank Of India Devrukh

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 Devrukh 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. 415833516 is the MICR code of Bank Of India for Devrukh branch. MICR code for Devrukh 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 Devrukh is presented in the table alongside.

Use of BOI MICR code for Devrukh branch in devrukh

The MICR code 415833516 is used in RBI cheque clearing process to identify the branch Devrukh 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!