Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Abid Circle Hyderabad
Contact 040-24757422
Bank Details Bank Of Baroda Abid Circle Hyderabad BARB0HYDERA
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode
Country IN
Address Reddy hostel compound,abids circle,hyderabad
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 500012002 for Abid Circle Hyderabad 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 500012002 of Baroda Bank, Abid Circle Hyderabad branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Abid Circle Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Abid Circle Hyderabad

Bank Of Baroda MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Baroda Bank MICR code for Abid Circle Hyderabad 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. 500012002 is the MICR code of BOB for Abid Circle Hyderabad branch. MICR code for Abid Circle Hyderabad 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 Baroda Bank Abid Circle Hyderabad is presented in the table alongside.

Use of Baroda Bank MICR code for Abid Circle Hyderabad branch in hyderabad

The MICR code 500012002 is used in RBI cheque clearing process to identify the branch Abid Circle Hyderabad and Baroda Bank 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 BOB is typically in either of these two font’s: E-138 and CMC-7.

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