Bank Of Baroda Arang Raipur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Arang Raipur Chhattisgarh

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MICR Code	493012503
Bank	Bank Of Baroda
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Arang Chhattisgarh
Contact	0771-2582723
Bank Details	Bank Of Baroda Arang Chhattisgarh BARB0ARANGX

Location	Arang, Raipur
City	Arang
District	Raipur
State	Chhattisgarh
Pincode	493441
Country	IN
Address	Daga complex,main road,arang,dist – raipur,chattisgarh – 493441.

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 493012503 for Arang Chhattisgarh 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 493012503 of Baroda Bank, Arang Chhattisgarh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Arang Chhattisgarh branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Arang Chhattisgarh >>Nawagaon Chhatisgarh

MICR code for Bank Of Baroda Arang Chhattisgarh

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 Arang Chhattisgarh 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. 493012503 is the MICR code of BOB for Arang Chhattisgarh branch. MICR code for Arang Chhattisgarh 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 Arang Chhattisgarh is presented in the table alongside.

Use of Baroda Bank MICR code for Arang Chhattisgarh branch in arang

The MICR code 493012503 is used in RBI cheque clearing process to identify the branch Arang Chhattisgarh 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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