Bank Of India Umbare Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Umbare Solapur Maharashtra

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MICR Code	413874517
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	Umbare
Contact	2186-269219
Bank Details	Bank Of India Umbare BKID0VG2027

Location	Umbare, Solapur
City	Umbare
District	Solapur
State	Maharashtra
Pincode	413302
Country	IN
Address	A p umbare, tal. Pandharpur, dist. Solapur. Pin 413302

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 413874517 for Umbare 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 413874517 of BOI, Umbare branch makes the system almost error free and faster. Use of BOI MICR codes for Umbare 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 -

>>Umbare

MICR code for Bank Of India Umbare

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 Umbare 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. 413874517 is the MICR code of Bank Of India for Umbare branch. MICR code for Umbare 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 Umbare is presented in the table alongside.

Use of BOI MICR code for Umbare branch in umbare

The MICR code 413874517 is used in RBI cheque clearing process to identify the branch Umbare 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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