Bank Of India Ropale Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Ropale Solapur Maharashtra

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MICR Code	413874516
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	Ropale
Contact	2186-255246
Bank Details	Bank Of India Ropale BKID0VG2022

Location	Ropale, Solapur
City	Ropale
District	Solapur
State	Maharashtra
Pincode	413313
Country	IN
Address	Ropale branch at & po ropale tal pandharpur distt solapur solapur mh 413313 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 413874516 for Ropale 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 413874516 of BOI, Ropale branch makes the system almost error free and faster. Use of BOI MICR codes for Ropale 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 -

>>Ropale

MICR code for Bank Of India Ropale

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 Ropale 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. 413874516 is the MICR code of Bank Of India for Ropale branch. MICR code for Ropale 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 Ropale is presented in the table alongside.

Use of BOI MICR code for Ropale branch in ropale

The MICR code 413874516 is used in RBI cheque clearing process to identify the branch Ropale 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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