Bank Of India Malewada Gadchiroli Maharashtra MICR CODE

Find MICR Codes for Bank Of India Malewada Gadchiroli Maharashtra

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MICR Code	442843545
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	Malewada
Contact	7139-237037
Bank Details	Bank Of India Malewada BKID0VG4050

Location	Malewada, Gadchiroli
City	Malewada
District	Gadchiroli
State	Maharashtra
Pincode
Country	IN
Address	A p. Malewada, tal. Kurkheda, dist. Gadchiroli. Pin 4426023

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 442843545 for Malewada 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 442843545 of BOI, Malewada branch makes the system almost error free and faster. Use of BOI MICR codes for Malewada 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 -

>>Malewada

MICR code for Bank Of India Malewada

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 Malewada 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. 442843545 is the MICR code of Bank Of India for Malewada branch. MICR code for Malewada 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 Malewada is presented in the table alongside.

Use of BOI MICR code for Malewada branch in malewada

The MICR code 442843545 is used in RBI cheque clearing process to identify the branch Malewada 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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