Bank Of India Saharsa Saharsa Bihar MICR CODE

Find MICR Codes for Bank Of India Saharsa Saharsa Bihar

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Saharsa
Contact 3-C, Dashmesh Nagar, Seona Road, Patiala
Bank Details Bank Of India Saharsa BKID0004470
Location Saharsa, Saharsa
City Saharsa
District Saharsa
State Bihar
Pincode 852201
Country IN
Address Koshi niwas hotel, 1st floor, bengali bazar, saharsa, bihar -852 201
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 Saharsa 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, Saharsa branch makes the system almost error free and faster. Use of BOI MICR codes for Saharsa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of India are available with micr code -

>>Mahua Bazar >>Purab Bazar Saharsa >>Saharsa >>Simari Bakhtiyarpur

MICR code for Bank Of India Saharsa

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

Use of BOI MICR code for Saharsa branch in saharsa

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