Bank Of India Fatwah Patna Bihar MICR CODE

Find MICR Codes for Bank Of India Fatwah Patna Bihar

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Fatwah
Contact Jain A.K., Chief Manager, Tel: 0161- 2402084, 2409094, 2412216, 2432333
Bank Details Bank Of India Fatwah BKID0004403
Location Fatwah, Patna
City Fatwah
District Patna
State Bihar
Pincode 803201
Country IN
Address Station road , post bag no.-1, dist - patna pin - 803201
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 Fatwah 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, Fatwah branch makes the system almost error free and faster. Use of BOI MICR codes for Fatwah 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 -

>>Fatwah

MICR code for Bank Of India Fatwah

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

Use of BOI MICR code for Fatwah branch in fatwah

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