Bank Of India Nivali Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Nivali Ratnagiri Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nivali
Contact 2352-2352253066
Bank Details Bank Of India Nivali BKID0VG3050
Location Nivali, Ratnagiri
City Nivali
District Ratnagiri
State Maharashtra
Pincode 415639
Country IN
Address A p nivali,kokaje compound,tq dist ratnagiri,pin 415639
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 ratnagiri

You can search through MICR Codes of Maharashtra branches in nivali of District ratnagiri 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 -

>>Nivali

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

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

BOI MICR code in nivali

Bank Of India MICR code is a character recognition technology used by banks in the processing of cheques. BOI MICR code for nivali 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 nivali, 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 nivali 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 nivali 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 nivali branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Bank Of India MICR codes for nivali 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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