Bank Of India Motala Buldhana Maharashtra MICR CODE

Find MICR Codes for Bank Of India Motala Buldhana Maharashtra

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MICR Code	443843503
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	Motala
Contact	7267-223408
Bank Details	Bank Of India Motala BKID0VG6031

Location	Motala, Buldhana
City	Motala
District	Buldhana
State	Maharashtra
Pincode	443103
Country	IN
Address	Nandura road motala, dist. Buldhana. Pin 443103

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 443843503 for Motala 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 443843503 of BOI, Motala branch makes the system almost error free and faster. Use of BOI MICR codes for Motala 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 -

>>Motala

MICR code for Bank Of India Motala

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 Motala 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. 443843503 is the MICR code of Bank Of India for Motala branch. MICR code for Motala 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 Motala is presented in the table alongside.

Use of BOI MICR code for Motala branch in motala

The MICR code 443843503 is used in RBI cheque clearing process to identify the branch Motala 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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