Bank Of India Khavati Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Khavati Ratnagiri Maharashtra

↻ Reload
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khavati
Contact Vijay Keshav Damle Tel-2356-269424
Bank Details Bank Of India Khavati BKID0001442
Location Khavati, Ratnagiri
City Khavati
District Ratnagiri
State Maharashtra
Pincode 415640
Country IN
Address Saraswati sadan,at post khavati,tal-khed,dist- ratnagiri,pin-415640
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 ratnagiri

You can search through MICR Codes of Maharashtra branches in khavati of District ratnagiri 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 -

>>Khavati

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

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

BOI MICR code in khavati

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for khavati 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 khavati, 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 khavati 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 khavati 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 khavati branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for khavati branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

Copied!