Bank Of Baroda Bilpank Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bilpank Ratlam Madhya Pradesh

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MICR Code	457012512
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	Bilpank Mp
Contact	07412-282223
Bank Details	Bank Of Baroda Bilpank Mp BARB0BILPAN

Location	Bilpank, Ratlam
City	Bilpank
District	Ratlam
State	Madhya Pradesh
Pincode	457441
Country	IN
Address	Opp. Police station, bilpank, dist. Ratlam, madhya pradesh - 457 441

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 457012512 for Bilpank Mp 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 457012512 of Baroda Bank, Bilpank Mp branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Bilpank Mp 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 -

>>Bilpank Mp

MICR code for Bank Of Baroda Bilpank Mp

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 Bilpank Mp 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. 457012512 is the MICR code of BOB for Bilpank Mp branch. MICR code for Bilpank Mp 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 Bilpank Mp is presented in the table alongside.

Use of Baroda Bank MICR code for Bilpank Mp branch in bilpank

The MICR code 457012512 is used in RBI cheque clearing process to identify the branch Bilpank Mp 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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