Bank Of India Satavali Ratnagiri Maharashtra MICR CODE

Find MICR Codes for Bank Of India Satavali 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 Satvali
Contact Binod Kumar Tel – 02351-232543
Bank Details Bank Of India Satvali BKID0001428
Location Satavali, Ratnagiri
City Satavali
District Ratnagiri
State Maharashtra
Pincode 416701
Country IN
Address At & post satvali, taluka – lanja , dist – sindhudurg, pin- 416701
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 satavali 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 -

>>Satvali

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

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

BOI MICR code in satavali

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