Bank Of Baroda Panvel Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Panvel 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 Taluk Panvel
Contact 27740411/ 27740300
Bank Details Bank Of Baroda Kharghar Navi Mumbai Taluk Panvel BARB0KHARGA
Location Panvel, Raigad
City Panvel
District Raigad
State Maharashtra
Pincode 410210
Country IN
Address Opp daily bazaar, plot no.19a,sector 20, kharghar, navi mumbai taluk panvel 410 210
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 400012118 for Kharghar Navi Mumbai Taluk Panvel 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 400012118 of Baroda Bank, Kharghar Navi Mumbai Taluk Panvel branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Kharghar Navi Mumbai Taluk Panvel branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Kharghar Navi Mumbai Taluk Panvel >>New Panvel >>Panvel Branch

MICR code for Bank Of Baroda Kharghar Navi Mumbai Taluk Panvel

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.

Use of Baroda Bank MICR code for Kharghar Navi Mumbai Taluk Panvel branch in panvel

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.

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