Bank Of India Laul Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Laul Solapur Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Laul
Contact Branch No:02183-223210
Bank Details Bank Of India Laul BKID0000731
Location Laul, Solapur
City Laul
District Solapur
State Maharashtra
Pincode 413208
Country IN
Address At/post:laul
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 solapur

You can search through MICR Codes of Maharashtra branches in laul of District solapur 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 -

>>Laul

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

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

BOI MICR code in laul

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

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