Bank Of India Gondia Mahagaon Maharashtra MICR CODE

Find MICR Codes for Bank Of India Gondia Mahagaon 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	Mahagaon
Contact	7196-7196226104
Bank Details	Bank Of India Mahagaon BKID0VG5038

Location	Gondia, Mahagaon
City	Gondia
District	Mahagaon
State	Maharashtra
Pincode	441701
Country	IN
Address	A/p. Mahagaon, tal. Arjuni-morgaon, dist gondia- 441701

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

>>Mahagaon

MICR code for Bank Of India Mahagaon

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

Use of BOI MICR code for Mahagaon branch in gondia

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