Bombay Mercantile Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Bombay Mercantile Bank Patna Patna Bihar

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MICR Code	-NA-
Bank	Bombay Mercantile Co Op Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Patna
Contact	612-2677687
Bank Details	Bombay Mercantile Co Op Bank Limited Patna BMCB0000051

Location	Patna, Patna
City	Patna
District	Patna
State	Bihar
Pincode
Country	IN
Address	First floor, hamdard building,opp. B.n. College, ashok rajpath, patna

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 Patna 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 Bombay Mercantile Co Op Bank Limited, Patna branch makes the system almost error free and faster. Use of Bombay Mercantile Co Op Bank Limited MICR codes for Patna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bombay Mercantile Co Op Bank Limited are available with micr code -

>>Patna

MICR code for Bombay Mercantile Bank Patna

Bombay Mercantile Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Bombay Mercantile Co Op Bank Limited MICR code for Patna 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 Bombay Mercantile Bank for Patna branch. MICR code for Patna 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 Bombay Mercantile Co Op Bank Limited Patna is presented in the table alongside.

Use of Bombay Mercantile Co Op Bank Limited MICR code for Patna branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Patna and Bombay Mercantile Co Op Bank Limited 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 Bombay Mercantile Bank is typically in either of these two font’s: E-138 and CMC-7.

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