Bank Of Baroda Chotila Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Chotila Rajkot Gujarat

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chotila Rajkot Gujra
Contact
Bank Details Bank Of Baroda Chotila Rajkot Gujra BARB0CHOTIL
Location Chotila, Rajkot
City Chotila
District Rajkot
State Gujarat
Pincode 363520
Country IN
Address Shastri nagar road , nh 8b,chotila,distt rajkot,gujrat - 363520.
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 363012505 for Chotila Rajkot Gujra 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 363012505 of Baroda Bank, Chotila Rajkot Gujra branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Chotila Rajkot Gujra 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 -

>>Chotila Rajkot Gujra

MICR code for Bank Of Baroda Chotila Rajkot Gujra

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 Chotila Rajkot Gujra 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. 363012505 is the MICR code of BOB for Chotila Rajkot Gujra branch. MICR code for Chotila Rajkot Gujra 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 Chotila Rajkot Gujra is presented in the table alongside.

Use of Baroda Bank MICR code for Chotila Rajkot Gujra branch in chotila

The MICR code 363012505 is used in RBI cheque clearing process to identify the branch Chotila Rajkot Gujra 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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