Bank Of Baroda Chikmagalur Chickmagalur Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Chikmagalur Chickmagalur Karnataka

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MICR Code	577012102
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	Chikmagalur Karnataka
Contact	08262-235796
Bank Details	Bank Of Baroda Chikmagalur Karnataka BARB0CHICKM

Location	Chikmagalur, Chickmagalur
City	Chikmagalur
District	Chickmagalur
State	Karnataka
Pincode	577101
Country	IN
Address	P.b. No.51, noida street, chickmagalur 577 101, karnataka

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 577012102 for Chikmagalur Karnataka 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 577012102 of Baroda Bank, Chikmagalur Karnataka branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Chikmagalur Karnataka 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 -

>>Chikmagalur Karnataka

MICR code for Bank Of Baroda Chikmagalur Karnataka

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 Chikmagalur Karnataka 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. 577012102 is the MICR code of BOB for Chikmagalur Karnataka branch. MICR code for Chikmagalur Karnataka 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 Chikmagalur Karnataka is presented in the table alongside.

Use of Baroda Bank MICR code for Chikmagalur Karnataka branch in chikmagalur

The MICR code 577012102 is used in RBI cheque clearing process to identify the branch Chikmagalur Karnataka 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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