Bank Of Baroda Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Aurangabad Aurangabad Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Cidco Aurangabad Mh
Contact 0240-2477565
Bank Details Bank Of Baroda Cidco Aurangabad Mh BARB0CIDAUR
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431003
Country IN
Address Plot no 24, sector m n s bajrang chowk cidco aurangabad maharastra – 431003.
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 Cidco Aurangabad Mh 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, Cidco Aurangabad Mh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Cidco Aurangabad Mh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Cidco Aurangabad Mh

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 Cidco Aurangabad Mh 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 Cidco Aurangabad Mh branch. MICR code for Cidco Aurangabad Mh 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 Cidco Aurangabad Mh is presented in the table alongside.

Use of Baroda Bank MICR code for Cidco Aurangabad Mh branch in aurangabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Cidco Aurangabad Mh 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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