Bank Of India Shegaon Bk Chandrapur Maharashtra MICR CODE

Find MICR Codes for Bank Of India Shegaon Bk Chandrapur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	442843527
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	Shegaon Bk
Contact	7176-283108
Bank Details	Bank Of India Shegaon Bk BKID0VG4031

Location	Shegaon Bk, Chandrapur
City	Shegaon Bk
District	Chandrapur
State	Maharashtra
Pincode	442906
Country	IN
Address	A p. Shegaonbk, tal. Warora, dist. Chandrapur. Pin 442906

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 442843527 for Shegaon Bk 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 442843527 of BOI, Shegaon Bk branch makes the system almost error free and faster. Use of BOI MICR codes for Shegaon Bk 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 -

>>Shegaon Bk

MICR code for Bank Of India Shegaon Bk

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 Shegaon Bk 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. 442843527 is the MICR code of Bank Of India for Shegaon Bk branch. MICR code for Shegaon Bk 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 Shegaon Bk is presented in the table alongside.

Use of BOI MICR code for Shegaon Bk branch in shegaon bk

The MICR code 442843527 is used in RBI cheque clearing process to identify the branch Shegaon Bk 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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