Bank Of India Modhwada Porbandar Gujarat MICR CODE

Find MICR Codes for Bank Of India Modhwada Porbandar Gujarat

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	-NA-
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	Modhwada
Contact	Mr Lalit K Acharya- 94263 77268
Bank Details	Bank Of India Modhwada BKID0003316

Location	Modhwada, Porbandar
City	Modhwada
District	Porbandar
State	Gujarat
Pincode
Country	IN
Address	At:po : modhwada via bagvadar, dist porbandar

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 0 for Modhwada 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 0 of BOI, Modhwada branch makes the system almost error free and faster. Use of BOI MICR codes for Modhwada 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 -

>>Modhwada

MICR code for Bank Of India Modhwada

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 Modhwada 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. 0 is the MICR code of Bank Of India for Modhwada branch. MICR code for Modhwada 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 Modhwada is presented in the table alongside.

Use of BOI MICR code for Modhwada branch in modhwada

The MICR code 0 is used in RBI cheque clearing process to identify the branch Modhwada 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.

Copied!