Bank Of Baroda Binka Sonepur Orissa MICR CODE

Find MICR Codes for Bank Of Baroda Binka Sonepur Orissa

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State
District
City
Branch
Address

MICR Code	-NA-
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	Binika
Contact	1800223344
Bank Details	Bank Of Baroda Binika BARB0BINIKA

Location	Binka, Sonepur
City	Binka
District	Sonepur
State	Orissa
Pincode	767019
Country	IN
Address	Po – binika in front of new excisedist. Sonepur, binika,orissa - 767019

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

>>Binika

MICR code for Bank Of Baroda Binika

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

Use of Baroda Bank MICR code for Binika branch in binka

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