Bank Of Baroda Borsad Anand Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Borsad Anand Gujarat

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MICR Code	388012071
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	Borsad Branch
Contact	02696-220240,221070
Bank Details	Bank Of Baroda Borsad Branch BARB0BORSAD

Location	Borsad, Anand
City	Borsad
District	Anand
State	Gujarat
Pincode	388540
Country	IN
Address	Borsad branch,ranchhodlal mansion, sardar chowk,borsad,388540

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 388012071 for Borsad 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 388012071 of Baroda Bank, Borsad Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Borsad Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Badalpur Guj >>Borsad Branch >>Jantral Anand Guj >>Rudel Anand Gujarat

MICR code for Bank Of Baroda Borsad 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 Borsad 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. 388012071 is the MICR code of BOB for Borsad Branch branch. MICR code for Borsad 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 Borsad Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Borsad Branch branch in borsad

The MICR code 388012071 is used in RBI cheque clearing process to identify the branch Borsad 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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