Bank Of India Pandharpur Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Pandharpur Solapur Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pandharpur
Contact 1.S.B.S.Kerkar 0832-2410107 2. S.S.Chodankar 0832-2417273
Bank Details Bank Of India Pandharpur BKID0000717
Location Pandharpur, Solapur
City Pandharpur
District Solapur
State Maharashtra
Pincode 413304
Country IN
Address Nagar parishad building at/post/tal:pandharpur
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pandharpur
Contact 2186-222446
Bank Details Bank Of India Pandharpur BKID0VG2021
Location Pandharpur, Solapur
City Pandharpur
District Solapur
State Maharashtra
Pincode 111111
Country IN
Address Vidharbh konkan gramin bank pandharpurbranch dawale sadan sant peth at & po tal pandharpur dist solapur solapur mh 111111 india,solapur
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 Pandharpur 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, Pandharpur branch makes the system almost error free and faster. Use of BOI MICR codes for Pandharpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of India are available with micr code -

>>Pandharpur >>Pandharpur

MICR code for Bank Of India Pandharpur

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 Pandharpur 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 Pandharpur branch. MICR code for Pandharpur 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 Pandharpur is presented in the table alongside.

Use of BOI MICR code for Pandharpur branch in pandharpur

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