Bank Of Baroda Jagraon Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of Baroda Jagraon Ludhiana Punjab

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jagraon Punjab
Contact 01624-222272
Bank Details Bank Of Baroda Jagraon Punjab BARB0JAGRAO
Location Jagraon, Ludhiana
City Jagraon
District Ludhiana
State Punjab
Pincode 142026
Country IN
Address Shanti complex, subhas gate, jagraon - 142 026
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 142012202 for Jagraon Punjab 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 142012202 of Baroda Bank, Jagraon Punjab branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Jagraon Punjab 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 -

>>Jagraon >>Jagraon Punjab

MICR code for Bank Of Baroda Jagraon Punjab

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 Jagraon Punjab 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. 142012202 is the MICR code of BOB for Jagraon Punjab branch. MICR code for Jagraon Punjab 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 Jagraon Punjab is presented in the table alongside.

Use of Baroda Bank MICR code for Jagraon Punjab branch in jagraon

The MICR code 142012202 is used in RBI cheque clearing process to identify the branch Jagraon Punjab 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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