Bank Of Baroda Canacona Goa Goa MICR CODE

Find MICR Codes for Bank Of Baroda Canacona Goa Goa

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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	Cola Branch
Contact	1800223344
Bank Details	Bank Of Baroda Cola Branch BARB0COLAXX

Location	Canacona, Goa
City	Canacona
District	Goa
State	Goa
Pincode	403702
Country	IN
Address	Opposite cola gram panchayat office cola

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 Cola 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 0 of Baroda Bank, Cola Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Cola Branch 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 -

>>Cola Branch

MICR code for Bank Of Baroda Cola 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 Cola 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. 0 is the MICR code of BOB for Cola Branch branch. MICR code for Cola 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 Cola Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Cola Branch branch in canacona

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