Bank Of India Rajapur Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Rajapur 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 Rajapur
Contact Naresh Laxman Tare ,Mobile-9423007432
Bank Details Bank Of India Rajapur BKID0001470
Location Rajapur, Ratnagiri
City Rajapur
District Ratnagiri
State Maharashtra
Pincode 416702
Country IN
Address House no.285,near rajapur nagar vachanalaya,rajapur
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 rajapur 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 -

>>Rajapur

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

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

BOI MICR code in rajapur

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