Bank Of Baroda Raigad Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Raigad Raigad Maharashtra

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State
District
City
Branch
Address

MICR Code	-NA-
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	Kegaon
Contact
Bank Details	Bank Of Baroda Kegaon BARB0DBURAN

Location	Raigad, Raigad
City	Raigad
District	Raigad
State	Maharashtra
Pincode	400702
Country	IN
Address	At postkegaonuran tehsil mumbai raigad maharashtra 400702

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

A total of 14 branches of Bank Of Baroda are available with micr code -

>>Chowk >>Dhamani >>Dhansar >>Kalamb >>Kegaon >>Kharghar Navi Mumbai >>Khopoli Thane >>Nagothana >>Panvel >>Pirkone >>Revdanda >>Shriwardhan >>Taloja >>Wadkhal Maharashtra

MICR code for Bank Of Baroda Kegaon

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 Kegaon 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 Kegaon branch. MICR code for Kegaon 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 Kegaon is presented in the table alongside.

Use of Baroda Bank MICR code for Kegaon branch in raigad

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