Bank Of India Nandgaon Sindhudurg Maharashtra MICR CODE

Find MICR Codes for Bank Of India Nandgaon Sindhudurg Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	416013568
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	Nandgaon
Contact
Bank Details	Bank Of India Nandgaon BKID0001453

Location	Nandgaon, Sindhudurg
City	Nandgaon
District	Sindhudurg
State	Maharashtra
Pincode	416618
Country	IN
Address	At & post nandgaon, tal-kankavali, pin-416618

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 416013568 for Nandgaon 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 416013568 of BOI, Nandgaon branch makes the system almost error free and faster. Use of BOI MICR codes for Nandgaon 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 -

>>Nandgaon

MICR code for Bank Of India Nandgaon

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 Nandgaon 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. 416013568 is the MICR code of Bank Of India for Nandgaon branch. MICR code for Nandgaon 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 Nandgaon is presented in the table alongside.

Use of BOI MICR code for Nandgaon branch in nandgaon

The MICR code 416013568 is used in RBI cheque clearing process to identify the branch Nandgaon 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!