Central Bank Palasi Araria Bihar MICR CODE

Find MICR Codes for Central Bank Palasi Araria Bihar

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MICR Code	-NA-
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palasi
Contact	-
Bank Details	Central Bank Of India Palasi CBIN0281823

Location	Palasi, Araria
City	Palasi
District	Araria
State	Bihar
Pincode	854332
Country	IN
Address	At & post office palasi, dist- araria, bihar-854332

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 Palasi 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 Central Bank Of India, Palasi branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Palasi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Central Bank Of India are available with micr code -

>>Palasi

MICR code for Central Bank Palasi

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Palasi 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 Central Bank India for Palasi branch. MICR code for Palasi 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 Central Bank Of India Palasi is presented in the table alongside.

Use of Central Bank Of India MICR code for Palasi branch in palasi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Palasi and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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