Bank Of India Ramtek Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Ramtek Nagpur Maharashtra

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MICR Code	440013530
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	Mansar
Contact	Br Mgr 9423689020; Br Mgr 9923570717
Bank Details	Bank Of India Mansar BKID0008770

Location	Ramtek, Nagpur
City	Ramtek
District	Nagpur
State	Maharashtra
Pincode	441401
Country	IN
Address	At mansar tah ramtek dist nagpur pin 441401

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 440013530 for Mansar 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 440013530 of BOI, Mansar branch makes the system almost error free and faster. Use of BOI MICR codes for Mansar 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 -

>>Mansar

MICR code for Bank Of India Mansar

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 Mansar 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. 440013530 is the MICR code of Bank Of India for Mansar branch. MICR code for Mansar 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 Mansar is presented in the table alongside.

Use of BOI MICR code for Mansar branch in ramtek

The MICR code 440013530 is used in RBI cheque clearing process to identify the branch Mansar 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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