Bank Of Baroda Basantpur Keonjhar Orissa MICR CODE

Find MICR Codes for Bank Of Baroda Basantpur Keonjhar Orissa

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Basantapur Orissa
Contact 06766-255256
Bank Details Bank Of Baroda Basantapur Orissa BARB0BASKEO
Location Basantpur, Keonjhar
City Basantpur
District Keonjhar
State Orissa
Pincode 758014
Country IN
Address Basantpur via naranpur, dist.keonjhar, orissa - 758 014.
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 Basantapur Orissa 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, Basantapur Orissa branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Basantapur Orissa 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 -

>>Basantapur Orissa

MICR code for Bank Of Baroda Basantapur Orissa

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 Basantapur Orissa 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 Basantapur Orissa branch. MICR code for Basantapur Orissa 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 Basantapur Orissa is presented in the table alongside.

Use of Baroda Bank MICR code for Basantapur Orissa branch in basantpur

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