Bank Of India Lakhisarai Lakhisarai Bihar MICR CODE

Find MICR Codes for Bank Of India Lakhisarai Lakhisarai 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	Lakhisarai
Contact	Mr. B. B. Rajwar, Sr. Br. Manager
Bank Details	Bank Of India Lakhisarai BKID0004647

Location	Lakhisarai, Lakhisarai
City	Lakhisarai
District	Lakhisarai
State	Bihar
Pincode	811311
Country	IN
Address	Chandra market, bazar samiti,lakhisarai-811311

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

>>Lakhisarai

MICR code for Bank Of India Lakhisarai

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

Use of BOI MICR code for Lakhisarai branch in lakhisarai

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