Bank Of Baroda Baramati Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Baramati Pune Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Baramati
Contact
Bank Details Bank Of Baroda Baramati BARB0VJBMTI
Location Baramati, Pune
City Baramati
District Pune
State Maharashtra
Pincode 413133
Country IN
Address Ms subhadra buildcon pvt ltd, , plot nop60 midc, , baramati , baramati , 413133
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 Baramati 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 Baroda Bank, Baramati branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Baramati branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Baramati >>Baramati Branch >>Malad Maharashtra

MICR code for Bank Of Baroda Baramati

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 Baramati 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 BOB for Baramati branch. MICR code for Baramati 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 Baramati is presented in the table alongside.

Use of Baroda Bank MICR code for Baramati branch in baramati

The MICR code 0 is used in RBI cheque clearing process to identify the branch Baramati 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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