Bank Of Baroda Basoli Nichli Una Himachal Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Basoli Nichli Una Himachal Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Basoli
Contact
Bank Details Bank Of Baroda Basoli BARB0VJBSLI
Location Basoli Nichli, Una
City Basoli Nichli
District Una
State Himachal Pradesh
Pincode 174303
Country IN
Address Khasra no 783, up mohal basoli upperli , peer nigah road , tehsil district una , una , 174303
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 Basoli 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, Basoli branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Basoli 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 -

>>Basoli

MICR code for Bank Of Baroda Basoli

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 Basoli 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 Basoli branch. MICR code for Basoli 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 Basoli is presented in the table alongside.

Use of Baroda Bank MICR code for Basoli branch in basoli nichli

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