Bank Of India Godoli Satara Maharashtra MICR CODE

Find MICR Codes for Bank Of India Godoli Satara Maharashtra

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MICR Code	415833502
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	Godoli
Contact	2162-220177
Bank Details	Bank Of India Godoli BKID0VG2035

Location	Godoli, Satara
City	Godoli
District	Satara
State	Maharashtra
Pincode	415001
Country	IN
Address	City survey no.3 mahalaxmi corner, godoli naka, tal. Godoli, dist. Satara. Pin 415001

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 415833502 for Godoli 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 415833502 of BOI, Godoli branch makes the system almost error free and faster. Use of BOI MICR codes for Godoli 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 -

>>Godoli

MICR code for Bank Of India Godoli

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 Godoli 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. 415833502 is the MICR code of Bank Of India for Godoli branch. MICR code for Godoli 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 Godoli is presented in the table alongside.

Use of BOI MICR code for Godoli branch in godoli

The MICR code 415833502 is used in RBI cheque clearing process to identify the branch Godoli 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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