Bank Of India Khamgaon Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of India Khamgaon Raigad Maharashtra

↻ Reload
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khamgaon
Contact Tel: 952149-236005
Bank Details Bank Of India Khamgaon BKID0001237
Location Khamgaon, Raigad
City Khamgaon
District Raigad
State Maharashtra
Pincode 402105
Country IN
Address Vaghir kripa bldg., lonere shrivardhan sate highway, at & post khamgaon, tal: mhasala, dist: raigad pin 402 105
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.

Search Bank Of India MICR Codes in raigad

You can search through MICR Codes of Maharashtra branches in khamgaon of District raigad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of India are available with micr code -

>>Khamgaon

How to find MICR codes for Bank Of India in khamgaon?

Bank Of India khamgaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for khamgaon, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India khamgaon branches.

BOI MICR code in khamgaon

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for khamgaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in khamgaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for khamgaon branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India khamgaon branch, sprinted 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. Thus MICR code for BOI khamgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for khamgaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

Copied!