Bank Of Baroda Raigad Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Raigad Raigad Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kharghar Navi Mumbai
Contact
Bank Details Bank Of Baroda Kharghar Navi Mumbai BARB0DBKGAR
Location Raigad, Raigad
City Raigad
District Raigad
State Maharashtra
Pincode 410210
Country IN
Address Sai cooperative hsg societyplot no f84sector 12kharghar mumbai raigad maharashtra 410210
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 Kharghar Navi Mumbai 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, Kharghar Navi Mumbai branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Kharghar Navi Mumbai 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 Kharghar Navi Mumbai

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 Kharghar Navi Mumbai 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 Kharghar Navi Mumbai branch. MICR code for Kharghar Navi Mumbai 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 Kharghar Navi Mumbai is presented in the table alongside.

Use of Baroda Bank MICR code for Kharghar Navi Mumbai branch in raigad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kharghar Navi Mumbai 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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