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	403013041
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	Utorda
Contact	Everest Coelho
Bank Details	Bank Of India Utorda BKID0001039

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403713
Country	IN
Address	H.no:52, ground floor,antony pereira waddo,utorda, salcette goa- 403 713

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 403013041 for Utorda 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 403013041 of BOI, Utorda branch makes the system almost error free and faster. Use of BOI MICR codes for Utorda 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 Utorda

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 Utorda 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. 403013041 is the MICR code of Bank Of India for Utorda branch. MICR code for Utorda 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 Utorda is presented in the table alongside.

Use of BOI MICR code for Utorda branch in panaji

The MICR code 403013041 is used in RBI cheque clearing process to identify the branch Utorda 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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