Bank Of Baroda Gumla Gumla Jharkhand MICR CODE

Find MICR Codes for Bank Of Baroda Gumla Gumla Jharkhand

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gumla Jharkahand
Contact 06524-224884
Bank Details Bank Of Baroda Gumla Jharkahand BARB0GUMLAX
Location Gumla, Gumla
City Gumla
District Gumla
State Jharkhand
Pincode 835207
Country IN
Address C/o vijay cycle store, high school rd.,gumla, jharkhand -
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 Gumla Jharkahand 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, Gumla Jharkahand branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Gumla Jharkahand 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 -

>>Gumla Jharkahand

MICR code for Bank Of Baroda Gumla Jharkahand

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 Gumla Jharkahand 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 Gumla Jharkahand branch. MICR code for Gumla Jharkahand 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 Gumla Jharkahand is presented in the table alongside.

Use of Baroda Bank MICR code for Gumla Jharkahand branch in gumla

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