BNP Paribas Bank chennai MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Geojit BNP Paribas MICR codes list for chennai, one can further search by branch name specified in the table. You can find MICR codes for all BNP Paribas Bank chennai branches.
BNP Paribas Bank MICR code is a character recognition technology used by banks in the processing of cheques. Geojit BNP Paribas MICR code for chennai branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for BNP Paribas branches in chennai, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a BNP Paribas Bank chennai branch, sprinted 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. Thus MICR code for Geojit BNP Paribas chennai branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of BNP Paribas MICR codes for chennai branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!