MICR Code Bank
Find MICR code for Bank Of India Transport Nagar branches in India for NEFT and RTGS transfer

Bank Of India Transport Nagar MICR CODE

Find MICR Codes for Bank Of India Transport Nagar

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  1. Bank Of India »
  2. Bihar »
  3. patna »
  4. patna »
  5. transport nagar (patna)

Find MICR Codes for Bank Of India Transport Nagar

MICR Code: -NA-
Bank: Bank Of India
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Transport Nagar (Patna)
Contact:
Bank Details: Bank Of India Transport Nagar (Patna) BKID0005790
Location: Patna, Patna
City: Patna
District: Patna
State: Bihar
Pincode: 800026
Country: IN
Address: Dr g l dutta d a v public school maurya vihar colony transport nagar patna bihar pin 800026

How does MICR code for transport nagar 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 of BOI, transport nagar branch makes the system almost error free and faster. Use of BOI MICR codes for transport nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India transport nagar

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 transport nagar 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. is the MICR code of Bank Of India for transport nagar branch. MICR code for transport nagar 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 transport nagar is presented in the table alongside.

Use of BOI MICR code for transport nagar branch in patna

The MICR code is used in RBI cheque clearing process to identify the branch transport nagar 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.