Bank Of India Palghar Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of India Palghar Thane Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palghar
Contact
Bank Details Bank Of India Palghar BKID0001250
Location Palghar, Thane
City Palghar
District Thane
State Maharashtra
Pincode 401404
Country IN
Address Raviraj apartment dabadekar road off mahim road palghar 401 404
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pasthal
Contact 276332
Bank Details Bank Of India Pasthal BKID0000196
Location Palghar, Thane
City Palghar
District Thane
State Maharashtra
Pincode 401501
Country IN
Address Kore kunj plot no 03 tarapure road pasthal naka near sai mandir pasthal dist palghar 401 501
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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 thane

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

A total of 3 branches of Bank Of India are available with micr code -

>>Palghar >>Pasthal >>Saphale East

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

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

BOI MICR code in palghar

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