Bank Of India Bihar Sharif Nalanda Bihar MICR CODE

Find MICR Codes for Bank Of India Bihar Sharif Nalanda 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	Tungi
Contact	Shameem Arshad 9006522779
Bank Details	Bank Of India Tungi BKID0005783

Location	Bihar Sharif, Nalanda
City	Bihar Sharif
District	Nalanda
State	Bihar
Pincode	803101
Country	IN
Address	Vill tungi,tehsil bihar sharif,po biharsharif,distt nalanda

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

A total of 2 branches of Bank Of India are available with micr code -

>>Bihar Sharif >>Tungi

MICR code for Bank Of India Tungi

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

Use of BOI MICR code for Tungi branch in bihar sharif

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