Bank Of India Pawashi Sindhudurg Maharashtra MICR CODE

Find MICR Codes for Bank Of India Pawashi Sindhudurg Maharashtra

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MICR Code	416804517
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	Pawashi
Contact	2362-2362224033
Bank Details	Bank Of India Pawashi BKID0VG3035

Location	Pawashi, Sindhudurg
City	Pawashi
District	Sindhudurg
State	Maharashtra
Pincode	111111
Country	IN
Address	Wainganga krishna gramin bank pawashi branch at&po pawashi tal kudal dist sindhudurg sindhudurg mh 111111 india,kudal(sindhudurg)

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 416804517 for Pawashi 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 416804517 of BOI, Pawashi branch makes the system almost error free and faster. Use of BOI MICR codes for Pawashi 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 -

>>Pawashi

MICR code for Bank Of India Pawashi

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 Pawashi 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. 416804517 is the MICR code of Bank Of India for Pawashi branch. MICR code for Pawashi 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 Pawashi is presented in the table alongside.

Use of BOI MICR code for Pawashi branch in pawashi

The MICR code 416804517 is used in RBI cheque clearing process to identify the branch Pawashi 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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