Bank Of Baroda Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhopal Branch
Contact 0755-2733489,2735541
Bank Details Bank Of Baroda Bhopal Branch BARB0BHOPAL
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462001
Country IN
Address Bhopal branch,hamidia road,bhopal,462001
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 462012002 for Bhopal Branch 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 462012002 of Baroda Bank, Bhopal Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Bhopal Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Bhopal Branch

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 Bhopal Branch 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. 462012002 is the MICR code of BOB for Bhopal Branch branch. MICR code for Bhopal Branch 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 Bhopal Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Bhopal Branch branch in bhopal

The MICR code 462012002 is used in RBI cheque clearing process to identify the branch Bhopal Branch 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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