Bank Of India Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of India Pune Pune Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hinjavadi
Contact 91-8860579405
Bank Details Bank Of India Hinjavadi BKID0008321
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411057
Country IN
Address Vantage capital,shop no 12,13,near laxmi chowk,marunji road,hinjavadi phase i,hinjavadi,pune 411057
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 0 for Hinjavadi 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 0 of BOI, Hinjavadi branch makes the system almost error free and faster. Use of BOI MICR codes for Hinjavadi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Hinjavadi

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 Hinjavadi 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. 0 is the MICR code of Bank Of India for Hinjavadi branch. MICR code for Hinjavadi 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 Hinjavadi is presented in the table alongside.

Use of BOI MICR code for Hinjavadi branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Hinjavadi 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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