Bank Of Baroda Ilav Bharuch Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Ilav Bharuch Gujarat

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MICR Code	394012503
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	Ilav Dist. Bharuch Gujarat
Contact	02646 - 263662
Bank Details	Bank Of Baroda Ilav Dist. Bharuch Gujarat BARB0ILAVXX

Location	Ilav, Bharuch
City	Ilav
District	Bharuch
State	Gujarat
Pincode	394810
Country	IN
Address	Parsi falia, ilav, tal. Hansot, dist. Bharuch, gujarat - 394 810

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 394012503 for Ilav Dist. Bharuch Gujarat 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 394012503 of Baroda Bank, Ilav Dist. Bharuch Gujarat branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ilav Dist. Bharuch Gujarat 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 -

>>Ilav Dist. Bharuch Gujarat

MICR code for Bank Of Baroda Ilav Dist. Bharuch Gujarat

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 Ilav Dist. Bharuch Gujarat 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. 394012503 is the MICR code of BOB for Ilav Dist. Bharuch Gujarat branch. MICR code for Ilav Dist. Bharuch Gujarat 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 Ilav Dist. Bharuch Gujarat is presented in the table alongside.

Use of Baroda Bank MICR code for Ilav Dist. Bharuch Gujarat branch in ilav

The MICR code 394012503 is used in RBI cheque clearing process to identify the branch Ilav Dist. Bharuch Gujarat 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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