Bank Of Baroda Baloda Bazar Raipur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Baloda Bazar Raipur Chhattisgarh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Baloda Bazar Chhattisgarh
Contact 0771-4222630
Bank Details Bank Of Baroda Baloda Bazar Chhattisgarh BARB0BALBAZ
Location Baloda Bazar, Raipur
City Baloda Bazar
District Raipur
State Chhattisgarh
Pincode 493332
Country IN
Address Main road, near post office baloda bazar, dist : raipur dist, chhattisgarh – 493332
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 493012151 for Baloda Bazar 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 493012151 of Baroda Bank, Baloda Bazar Chhattisgarh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Baloda Bazar Chhattisgarh branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Baloda Bazar Chhattisgarh

MICR code for Bank Of Baroda Baloda Bazar 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 Baloda Bazar 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. 493012151 is the MICR code of BOB for Baloda Bazar Chhattisgarh branch. MICR code for Baloda Bazar 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 Baloda Bazar Chhattisgarh is presented in the table alongside.

Use of Baroda Bank MICR code for Baloda Bazar Chhattisgarh branch in baloda bazar

The MICR code 493012151 is used in RBI cheque clearing process to identify the branch Baloda Bazar 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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