Bank Of Baroda Junagadh Junagadh Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Junagadh Junagadh Gujarat

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch College Road Branch
Contact 0285-2671340
Bank Details Bank Of Baroda College Road Branch BARB0COLJUN
Location Junagadh, Junagadh
City Junagadh
District Junagadh
State Gujarat
Pincode 362001
Country IN
Address College road branch,opp.bahauddin college,college road, junagadh,junagadh,362001
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 362012003 for College Road 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 362012003 of Baroda Bank, College Road Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for College Road Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda College Road 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 College Road 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. 362012003 is the MICR code of BOB for College Road Branch branch. MICR code for College Road 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 College Road Branch is presented in the table alongside.

Use of Baroda Bank MICR code for College Road Branch branch in junagadh

The MICR code 362012003 is used in RBI cheque clearing process to identify the branch College Road 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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