Bank Of Baroda Jagdalpur Bastar Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Jagdalpur Bastar Chhattisgarh

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MICR Code	494012001
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	Jagdalpur Dist Bastar
Contact	07782-222522
Bank Details	Bank Of Baroda Jagdalpur Dist Bastar BARB0JAGDAL

Location	Jagdalpur, Bastar
City	Jagdalpur
District	Bastar
State	Chhattisgarh
Pincode	494001
Country	IN
Address	Jeypore road, near jhankar talkies,jagdalpur ,chhatisgarh 494001

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 494012001 for Jagdalpur Dist Bastar 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 494012001 of Baroda Bank, Jagdalpur Dist Bastar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Jagdalpur Dist Bastar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Baroda are available with micr code -

>>Jagdalpur Dist Bastar >>Tarapur

MICR code for Bank Of Baroda Jagdalpur Dist Bastar

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 Jagdalpur Dist Bastar 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. 494012001 is the MICR code of BOB for Jagdalpur Dist Bastar branch. MICR code for Jagdalpur Dist Bastar 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 Jagdalpur Dist Bastar is presented in the table alongside.

Use of Baroda Bank MICR code for Jagdalpur Dist Bastar branch in jagdalpur

The MICR code 494012001 is used in RBI cheque clearing process to identify the branch Jagdalpur Dist Bastar 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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