Bank Of India Lanja Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Lanja Ratnagiri Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lanja
Contact Varma Sukhdeo, Chief Manager, Tel: 2410993, 2419364, 2431627
Bank Details Bank Of India Lanja BKID0001402
Location Lanja, Ratnagiri
City Lanja
District Ratnagiri
State Maharashtra
Pincode 416701
Country IN
Address 212-a-1,panduranga nivas,lanja-416 701
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lanja
Contact 2351-2351230585
Bank Details Bank Of India Lanja BKID0VG3023
Location Lanja, Ratnagiri
City Lanja
District Ratnagiri
State Maharashtra
Pincode 416712
Country IN
Address Vidharbh konkan gramin bank lanja branch lanja dudh sahakari vyavsayik sangha at & po lanja tal sangameshwar dist ratnagiri ratnagiri mh 416712 india,ratnagiri
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 Lanja 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, Lanja branch makes the system almost error free and faster. Use of BOI MICR codes for Lanja branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of India are available with micr code -

>>Bhambed >>Lanja >>Lanja

MICR code for Bank Of India Lanja

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

Use of BOI MICR code for Lanja branch in lanja

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