Bank Of India Panaji North Goa Goa MICR CODE

Find MICR Codes for Bank Of India Panaji North Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403013046
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	Neura
Contact
Bank Details	Bank Of India Neura BKID0001045

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403104
Country	IN
Address	Neura village panchayat ghar, neura pilar rd., ward no. 3, neura, tiswadi goa - 403104

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 403013046 for Neura 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 403013046 of BOI, Neura branch makes the system almost error free and faster. Use of BOI MICR codes for Neura branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Bank Of India are available with micr code -

>>Aquem >>Campal >>Colva >>Dona Paula >>Goa Service Branch >>Goa Zonal Office >>Head Land Sada >>Miramar >>Neura >>Panaji >>Panaji Retail Hub >>Patto Plaza >>Siolim >>Stc Goa >>Taleigao >>Utorda

MICR code for Bank Of India Neura

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 Neura 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. 403013046 is the MICR code of Bank Of India for Neura branch. MICR code for Neura 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 Neura is presented in the table alongside.

Use of BOI MICR code for Neura branch in panaji

The MICR code 403013046 is used in RBI cheque clearing process to identify the branch Neura 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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