Bank Of India Rajgir Bihar Rajgir Bihar Bihar MICR CODE

Find MICR Codes for Bank Of India Rajgir Bihar Rajgir Bihar Bihar

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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	Rajgir
Contact	91-9638576408
Bank Details	Bank Of India Rajgir BKID0005781

Location	Rajgir Bihar, Rajgir Bihar
City	Rajgir Bihar
District	Rajgir Bihar
State	Bihar
Pincode	803116
Country	IN
Address	Chhabilapur road near old sub divn officepost rajgir dist nalanda

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

>>Rajgir

MICR code for Bank Of India Rajgir

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 Rajgir 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 Rajgir branch. MICR code for Rajgir 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 Rajgir is presented in the table alongside.

Use of BOI MICR code for Rajgir branch in rajgir bihar

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