Bank Of India Nagaon Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of India Nagaon Raigad Maharashtra

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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	Nagaon Branch
Contact	02141-245533
Bank Details	Bank Of India Nagaon Branch BKID0001210

Location	Nagaon, Raigad
City	Nagaon
District	Raigad
State	Maharashtra
Pincode	402204
Country	IN
Address	Post nagaon, taluka alibag, dist raigad 402 204

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

>>Nagaon Branch

MICR code for Bank Of India Nagaon Branch

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 Nagaon Branch 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 Nagaon Branch branch. MICR code for Nagaon Branch 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 Nagaon Branch is presented in the table alongside.

Use of BOI MICR code for Nagaon Branch branch in nagaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Nagaon Branch 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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