Bank Of India Kajra Muzaffarpur Bihar MICR CODE

Find MICR Codes for Bank Of India Kajra Muzaffarpur Bihar

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Karza
Contact
Bank Details Bank Of India Karza BKID0005765
Location Kajra, Muzaffarpur
City Kajra
District Muzaffarpur
State Bihar
Pincode 843106
Country IN
Address Bank of india, house of mrs urmila sharma, w/o mr sachchidanand singh, at & po karza, block marwan, dist muzaffarpur, bihar, pin 843106
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 Karza 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, Karza branch makes the system almost error free and faster. Use of BOI MICR codes for Karza 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 -

>>Karza

MICR code for Bank Of India Karza

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

Use of BOI MICR code for Karza branch in kajra

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