Bank Of India Kelshi Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Kelshi Ratnagiri Maharashtra

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MICR Code	-NA-
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	Kelashi
Contact	Vishwas Narhar Limaye ,Mobile-9637184872
Bank Details	Bank Of India Kelashi BKID0001461

Location	Kelshi, Ratnagiri
City	Kelshi
District	Ratnagiri
State	Maharashtra
Pincode	415717
Country	IN
Address	Premraj bhavan,at post kelshi,tal-dapoli,dist ratnagiri,pin-415717

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

>>Kelashi

MICR code for Bank Of India Kelashi

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 Kelashi 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 Kelashi branch. MICR code for Kelashi 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 Kelashi is presented in the table alongside.

Use of BOI MICR code for Kelashi branch in kelshi

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