Bank Of Baroda Bhapel Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bhapel Sagar Madhya Pradesh

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MICR Code	470012503
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	Bhapel Dist. Sagar M.P.
Contact	07584 - 245222
Bank Details	Bank Of Baroda Bhapel Dist. Sagar M.P. BARB0BHAPEL

Location	Bhapel, Sagar
City	Bhapel
District	Sagar
State	Madhya Pradesh
Pincode	470120
Country	IN
Address	Bhopal sagar road, bhapel, sagar, madhya pradesh - 470 120

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 470012503 for Bhapel Dist. Sagar M.P. 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 470012503 of Baroda Bank, Bhapel Dist. Sagar M.P. branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Bhapel Dist. Sagar M.P. 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 -

>>Bhapel Dist. Sagar M.P.

MICR code for Bank Of Baroda Bhapel Dist. Sagar M.P.

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 Bhapel Dist. Sagar M.P. 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. 470012503 is the MICR code of BOB for Bhapel Dist. Sagar M.P. branch. MICR code for Bhapel Dist. Sagar M.P. 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 Bhapel Dist. Sagar M.P. is presented in the table alongside.

Use of Baroda Bank MICR code for Bhapel Dist. Sagar M.P. branch in bhapel

The MICR code 470012503 is used in RBI cheque clearing process to identify the branch Bhapel Dist. Sagar M.P. 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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