Bank Of India Raigad Roha Maharashtra MICR CODE

Find MICR Codes for Bank Of India Raigad Roha Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	402013534
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	Varasgaon Kolad
Contact	0
Bank Details	Bank Of India Varasgaon Kolad BKID0001257

Location	Raigad, Roha
City	Raigad
District	Roha
State	Maharashtra
Pincode	402116
Country	IN
Address	House no 19 ambewadi naka kolad taluka roha dist raigad402116

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 402013534 for Varasgaon Kolad 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 402013534 of BOI, Varasgaon Kolad branch makes the system almost error free and faster. Use of BOI MICR codes for Varasgaon Kolad 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 -

>>Varasgaon Kolad

MICR code for Bank Of India Varasgaon Kolad

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 Varasgaon Kolad 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. 402013534 is the MICR code of Bank Of India for Varasgaon Kolad branch. MICR code for Varasgaon Kolad 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 Varasgaon Kolad is presented in the table alongside.

Use of BOI MICR code for Varasgaon Kolad branch in raigad

The MICR code 402013534 is used in RBI cheque clearing process to identify the branch Varasgaon Kolad 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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