Bank Of India Raigad Mangaon Maharashtra MICR CODE

Find MICR Codes for Bank Of India Raigad Mangaon Maharashtra

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MICR Code	-NA-
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	Vile Bhagad
Contact	2140-261088
Bank Details	Bank Of India Vile Bhagad BKID0001217

Location	Raigad, Mangaon
City	Raigad
District	Mangaon
State	Maharashtra
Pincode	402308
Country	IN
Address	Vile bhagad industrial area plot no x 16 tasgaon tal mangaon distt raigad 402308

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 0 for Vile Bhagad 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 0 of BOI, Vile Bhagad branch makes the system almost error free and faster. Use of BOI MICR codes for Vile Bhagad 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 -

>>Vile Bhagad

MICR code for Bank Of India Vile Bhagad

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 Vile Bhagad 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. 0 is the MICR code of Bank Of India for Vile Bhagad branch. MICR code for Vile Bhagad 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 Vile Bhagad is presented in the table alongside.

Use of BOI MICR code for Vile Bhagad branch in raigad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Vile Bhagad 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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