Bank Of India Palghar Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of India Palghar Thane Maharashtra

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MICR Code	400013190
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	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

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 400013190 for Pasthal 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 400013190 of BOI, Pasthal branch makes the system almost error free and faster. Use of BOI MICR codes for Pasthal branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Palghar >>Pasthal >>Saphale East

MICR code for Bank Of India Pasthal

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 Pasthal 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. 400013190 is the MICR code of Bank Of India for Pasthal branch. MICR code for Pasthal 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 Pasthal is presented in the table alongside.

Use of BOI MICR code for Pasthal branch in palghar

The MICR code 400013190 is used in RBI cheque clearing process to identify the branch Pasthal 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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