Bank Of India Mhaisal Sangli Maharashtra MICR CODE

Find MICR Codes for Bank Of India Mhaisal Sangli Maharashtra

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MICR Code	416804501
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	Mhaisal
Contact	233-2251060
Bank Details	Bank Of India Mhaisal BKID0VG2039

Location	Mhaisal, Sangli
City	Mhaisal
District	Sangli
State	Maharashtra
Pincode	416409
Country	IN
Address	Serve no. 2286 near mr. Bharat algond patil city,grampanchayatã½ branch tal. Miraj, dis. Sangli pin 416409

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 416804501 for Mhaisal 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 416804501 of BOI, Mhaisal branch makes the system almost error free and faster. Use of BOI MICR codes for Mhaisal 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 -

>>Mhaisal

MICR code for Bank Of India Mhaisal

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 Mhaisal 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. 416804501 is the MICR code of Bank Of India for Mhaisal branch. MICR code for Mhaisal 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 Mhaisal is presented in the table alongside.

Use of BOI MICR code for Mhaisal branch in mhaisal

The MICR code 416804501 is used in RBI cheque clearing process to identify the branch Mhaisal 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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