Bank Of Baroda Nasik Nasik Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Nasik Nasik Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Indira Nagar
Contact
Bank Details Bank Of Baroda Indira Nagar BARB0DBINAR
Location Nasik, Nasik
City Nasik
District Nasik
State Maharashtra
Pincode 422009
Country IN
Address Plt no 8911g k nair plazzoopp parksydewadala pathardi road nashik 422009 indira nagar solapur maharashtra 422009
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 Indira Nagar 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, Indira Nagar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Indira Nagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Indira Nagar

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 Indira Nagar 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 Indira Nagar branch. MICR code for Indira Nagar 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 Indira Nagar is presented in the table alongside.

Use of Baroda Bank MICR code for Indira Nagar branch in nasik

The MICR code 0 is used in RBI cheque clearing process to identify the branch Indira Nagar 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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