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RBI Patna Patna Bihar MICR CODE

Find MICR Codes for RBI Patna Patna Bihar

MICR Code
Bank Reserve Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patna
Contact 0612-2321291
Bank Details Reserve Bank Of India Patna RBIS0PTPA01
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address Reserve bank of india, south gandhi maidan, patna - 800001
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 800001001 for Patna 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 800001001 of Reserve Bank Of India, Patna branch makes the system almost error free and faster. Use of Reserve Bank Of India MICR codes for Patna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Reserve Bank Of India are available with micr code -

>>Patna >>Rbi Patna Govt Of Bihar

MICR code for RBI Patna

RBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Reserve Bank Of India MICR code for Patna 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. 800001001 is the MICR code of RBI Bank for Patna branch. MICR code for Patna 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 Reserve Bank Of India Patna is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Patna branch in patna

The MICR code 800001001 is used in RBI cheque clearing process to identify the branch Patna and Reserve Bank Of India 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 RBI Bank is typically in either of these two font’s: E-138 and CMC-7.