Bank Of India Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of India Pune Pune Maharashtra

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MICR Code	411013059
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	Wakad
Contact	0
Bank Details	Bank Of India Wakad BKID0000830

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411057
Country	IN
Address	The hub s no 391 2 dange chowk thergaon pune

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 411013059 for Wakad 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 411013059 of BOI, Wakad branch makes the system almost error free and faster. Use of BOI MICR codes for Wakad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 60 branches of Bank Of India are available with micr code -

>>Amanora Park Town >>Aundh >>Bhavani Peth >>Divisional Office Pune >>Fergusson Road >>Hadapsar >>Harishchandri >>Hinjewadi >>Ittc Pune Training Centre >>Jangli Maharaj Road >>Kalyan East >>Karve Nagar >>Karve Road >>Khadki >>Kharadi >>Koregaon Park >>Kothrud(Guj Colony) >>Kunal Icon Chs >>Laxmi Road >>Manjri >>Miranagar (Koregaon Park) >>Mit College >>Mumbai Retail Hub >>National Banking Group West Ii >>Navipeth >>Nigdi >>Pashan Road >>Pimple Saudagar >>Pimpri >>Pune Arb >>Pune City >>Pune Corporate Banking Branch >>Pune Large Corporate >>Pune Lcb >>Pune Lcb >>Pune Lcb >>Pune Main >>Pune Retail Hub >>Pune Service Branch >>Pune Zonal Audit Office >>Pune Zonal Office >>Rastapeth >>Salunke Vihar >>Shakar Nagar >>Shanipar >>Shivaji Nagar >>Sinhagad Road >>Sme City Centre Pune >>Spicer College >>Ssc Board >>Ssc Board >>Swargate >>Tilak Road >>Uttam Nagar >>Vimannagar >>Vishrantwadi >>Wagholi >>Wakad >>Wanawadi >>Warje Malwadi

MICR code for Bank Of India Wakad

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 Wakad 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. 411013059 is the MICR code of Bank Of India for Wakad branch. MICR code for Wakad 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 Wakad is presented in the table alongside.

Use of BOI MICR code for Wakad branch in pune

The MICR code 411013059 is used in RBI cheque clearing process to identify the branch Wakad 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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