Bank Of India Sindhudurg Nagari Oras Sindhudurg Maharashtra MICR CODE

Find MICR Codes for Bank Of India Sindhudurg Nagari Oras Sindhudurg Maharashtra

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MICR Code	416804518
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	Sindhudurg Nagari Oras
Contact	2362-2362228060
Bank Details	Bank Of India Sindhudurg Nagari Oras BKID0VG3042

Location	Sindhudurg Nagari Oras, Sindhudurg
City	Sindhudurg Nagari Oras
District	Sindhudurg
State	Maharashtra
Pincode	416520
Country	IN
Address	Wainganag krishana gramin bank sidhudurg nagri branch cotal kudal distt sindhudurg sindhudurg mh 416520 india,kudal(sindhudurg)

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 416804518 for Sindhudurg Nagari Oras 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 416804518 of BOI, Sindhudurg Nagari Oras branch makes the system almost error free and faster. Use of BOI MICR codes for Sindhudurg Nagari Oras 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 -

>>Sindhudurg Nagari Oras

MICR code for Bank Of India Sindhudurg Nagari Oras

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 Sindhudurg Nagari Oras 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. 416804518 is the MICR code of Bank Of India for Sindhudurg Nagari Oras branch. MICR code for Sindhudurg Nagari Oras 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 Sindhudurg Nagari Oras is presented in the table alongside.

Use of BOI MICR code for Sindhudurg Nagari Oras branch in sindhudurg nagari oras

The MICR code 416804518 is used in RBI cheque clearing process to identify the branch Sindhudurg Nagari Oras 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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