Bank Of India Kankavali Sindhudurg Maharashtra MICR CODE

Find MICR Codes for Bank Of India Kankavali Sindhudurg Maharashtra

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MICR Code	416874326
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	Kankavali
Contact	2367-2367232158
Bank Details	Bank Of India Kankavali BKID0VG3036

Location	Kankavali, Sindhudurg
City	Kankavali
District	Sindhudurg
State	Maharashtra
Pincode	416602
Country	IN
Address	Vidharbh konkan gramin bank kanakvali branch at & po kankavali tal kankavali dist sidhudurg 416602 india,kudal(sindhudurg)

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 416874326 for Kankavali 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 416874326 of BOI, Kankavali branch makes the system almost error free and faster. Use of BOI MICR codes for Kankavali 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 -

>>Kankavali

MICR code for Bank Of India Kankavali

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 Kankavali 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. 416874326 is the MICR code of Bank Of India for Kankavali branch. MICR code for Kankavali 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 Kankavali is presented in the table alongside.

Use of BOI MICR code for Kankavali branch in kankavali

The MICR code 416874326 is used in RBI cheque clearing process to identify the branch Kankavali 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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