Bank Of Baroda Hingoli Hingoli Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Hingoli Hingoli Maharashtra

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MICR Code	431012402
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	Hingoli Mah.
Contact	02456-221890
Bank Details	Bank Of Baroda Hingoli Mah. BARB0HINGOL

Location	Hingoli, Hingoli
City	Hingoli
District	Hingoli
State	Maharashtra
Pincode	431513
Country	IN
Address	Nilawar bldg,hingoli-431513

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 431012402 for Hingoli Mah. 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 431012402 of Baroda Bank, Hingoli Mah. branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Hingoli Mah. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Hingoli >>Hingoli Mah. >>Hingoli Maharastra

MICR code for Bank Of Baroda Hingoli Mah.

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 Hingoli Mah. 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. 431012402 is the MICR code of BOB for Hingoli Mah. branch. MICR code for Hingoli Mah. 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 Hingoli Mah. is presented in the table alongside.

Use of Baroda Bank MICR code for Hingoli Mah. branch in hingoli

The MICR code 431012402 is used in RBI cheque clearing process to identify the branch Hingoli Mah. 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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