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 Taluk Panvel 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. 400012118 is the MICR code of BOB for Kharghar Navi Mumbai Taluk Panvel branch. MICR code for Kharghar Navi Mumbai Taluk Panvel 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 Taluk Panvel is presented in the table alongside.
The MICR code 400012118 is used in RBI cheque clearing process to identify the branch Kharghar Navi Mumbai Taluk Panvel 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.