Bank Of Baroda Thane Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Thane Thane Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ilthan Thane
Contact 1800223344
Bank Details Bank Of Baroda Ilthan Thane BARB0ILTHAN
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400708
Country IN
Address Reliable tech park,thane belapur road,near airoli railway station,airoli,thane dist,maharashtra – 400708.
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 400012200 for Ilthan Thane 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 400012200 of Baroda Bank, Ilthan Thane branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ilthan Thane branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Ilthan Thane

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 Ilthan Thane 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. 400012200 is the MICR code of BOB for Ilthan Thane branch. MICR code for Ilthan Thane 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 Ilthan Thane is presented in the table alongside.

Use of Baroda Bank MICR code for Ilthan Thane branch in thane

The MICR code 400012200 is used in RBI cheque clearing process to identify the branch Ilthan Thane 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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