Bank Of India Majgaon Sindhudurg Maharashtra MICR CODE

Find MICR Codes for Bank Of India Majgaon Sindhudurg Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Majgaon
Contact 2363-2363275244
Bank Details Bank Of India Majgaon BKID0VG3049
Location Majgaon, Sindhudurg
City Majgaon
District Sindhudurg
State Maharashtra
Pincode 416510
Country IN
Address Vidharbha konkan gramin bank majgaon branch co house no 575 at potal saoner dist sindhudurga mh pin code 416510
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 sindhudurg

You can search through MICR Codes of Maharashtra branches in majgaon of District sindhudurg 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 -

>>Majgaon

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

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

BOI MICR code in majgaon

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for majgaon 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 majgaon, 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 majgaon 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 majgaon 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 majgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for majgaon 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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