MICR Code Bank
Find MICR code for Bank Of India Miranagar branches in India for NEFT and RTGS transfer

Bank Of India Miranagar MICR CODE

Find MICR Codes for Bank Of India Miranagar

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  1. Bank Of India »
  2. Maharashtra »
  3. pune »
  4. pune »
  5. miranagar (koregaon park)

Find MICR Codes for Bank Of India Miranagar

MICR Code: 411013056
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Miranagar (Koregaon Park)
Contact: Br Mgr 020-26153991
Bank Details: Bank Of India Miranagar (Koregaon Park) BKID0000541
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411001
Country: IN
Address: Plot no 354, s.no 26/1301, 1 b, lane no 6, koregaon park, pune - 411001

How does MICR code for miranagar 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 of BOI, miranagar branch makes the system almost error free and faster. Use of BOI MICR codes for miranagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India miranagar

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

Use of BOI MICR code for miranagar branch in pune

The MICR code is used in RBI cheque clearing process to identify the branch miranagar 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.