Bank Of India Shahu Wadi Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Shahu Wadi Kolhapur Maharashtra

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shahuwadi
Contact Gopalan Iyer,Manager,952148-222056,Balasubramanian,Officer,952148-222256
Bank Details Bank Of India Shahuwadi BKID0000914
Location Shahu Wadi, Kolhapur
City Shahu Wadi
District Kolhapur
State Maharashtra
Pincode 416215
Country IN
Address Ashirwad building,post & taluka-shahuwadi,dist-kolhapur 416215 ( mh )
MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Manjare
Contact Dattatraya K Kadekar
Bank Details Bank Of India Manjare BKID0000940
Location Shahu Wadi, Kolhapur
City Shahu Wadi
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address At & post manjare tal. Shahuwadi, dist kolhapur
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 kolhapur

You can search through MICR Codes of Maharashtra branches in shahu wadi of District kolhapur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 2 branches of Bank Of India are available with micr code -

>>Manjare >>Shahuwadi

How to find MICR codes for Bank Of India in shahu wadi?

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

BOI MICR code in shahu wadi

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