Bank Of India Shrigonda Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Bank Of India Shrigonda Ahmadnagar Maharashtra

Bank	↻ Reload
State
District
City
Branch
Address

MICR Code	423013501
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	Shrigonda
Contact	Kale Bhalachandra Bhanudas 9422405336
Bank Details	Bank Of India Shrigonda BKID0000668

Location	Shrigonda, Ahmadnagar
City	Shrigonda
District	Ahmadnagar
State	Maharashtra
Pincode	413701
Country	IN
Address	Rahul complex, daund jamkhed road shrigonda, taluka shrigonda dist ahmednagar

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 423013501 for Shrigonda 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 423013501 of BOI, Shrigonda branch makes the system almost error free and faster. Use of BOI MICR codes for Shrigonda 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 -

>>Shrigonda

MICR code for Bank Of India Shrigonda

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 Shrigonda 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. 423013501 is the MICR code of Bank Of India for Shrigonda branch. MICR code for Shrigonda 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 Shrigonda is presented in the table alongside.

Use of BOI MICR code for Shrigonda branch in shrigonda

The MICR code 423013501 is used in RBI cheque clearing process to identify the branch Shrigonda 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.

Copied!