Bank Of India New Bombay Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of India New Bombay Thane Maharashtra

MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kharghar Sector 19
Contact Br Mgr 9967327551
Bank Details Bank Of India Kharghar Sector 19 BKID0000184
Location New Bombay, Thane
City New Bombay
District Thane
State Maharashtra
Pincode 410210
Country IN
Address Shop no.s 1, 2 & 3, maruti tower, skylark c.h.s. Plot no.15, sector 19, kharghar, navi mumbai 410 210
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 400013179 for Kharghar Sector 19 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 400013179 of BOI, Kharghar Sector 19 branch makes the system almost error free and faster. Use of BOI MICR codes for Kharghar Sector 19 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Bank Of India are available with micr code -

>>Kharghar Sector 10 >>Kharghar Sector 19 >>Kharghar Sector 35 >>Malavani >>Shahad (Kalyan)

MICR code for Bank Of India Kharghar Sector 19

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 Kharghar Sector 19 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. 400013179 is the MICR code of Bank Of India for Kharghar Sector 19 branch. MICR code for Kharghar Sector 19 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 Kharghar Sector 19 is presented in the table alongside.

Use of BOI MICR code for Kharghar Sector 19 branch in new bombay

The MICR code 400013179 is used in RBI cheque clearing process to identify the branch Kharghar Sector 19 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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