Bank Of India Nagothana Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of India Nagothana Raigad Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nagothane
Contact
Bank Details Bank Of India Nagothane BKID0001252
Location Nagothana, Raigad
City Nagothana
District Raigad
State Maharashtra
Pincode 402106
Country IN
Address 1533 suman apartment, ward no.6 shanti nagar, tal - roha, roha (dist raigad) maharashtra 402106
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.

Search Bank Of India MICR Codes in raigad

You can search through MICR Codes of Maharashtra branches in nagothana of District raigad in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of India are available with micr code -

>>Nagothane

How to find MICR codes for Bank Of India in nagothana?

Bank Of India nagothana MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From BOI MICR codes list for nagothana, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of India nagothana branches.

BOI MICR code in nagothana

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for nagothana branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Bank Of India branches in nagothana, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Bank Of India MICR code for nagothana branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of India nagothana branch, sprinted 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. Thus MICR code for BOI nagothana branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for nagothana branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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