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 Jangli Maharaj Road
Contact Shri B.K.Dhawale, Chief Manager, Tel: 26926235
Bank Details Bank Of India Jangli Maharaj Road BKID0000518
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411004
Country IN
Address Jangli m rd, 573/3 jm road, shivajinagar, pune, 411004, 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.

How does MICR code 0 for Jangli Maharaj Road 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, Jangli Maharaj Road branch makes the system almost error free and faster. Use of BOI MICR codes for Jangli Maharaj Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Jangli Maharaj Road

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 Jangli Maharaj Road 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 Jangli Maharaj Road branch. MICR code for Jangli Maharaj Road 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 Jangli Maharaj Road is presented in the table alongside.

Use of BOI MICR code for Jangli Maharaj Road branch in pune

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jangli Maharaj Road 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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