Bank Of Baroda Kolar Kolar Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Kolar Kolar Karnataka

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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	Kolar
Contact
Bank Details	Bank Of Baroda Kolar BARB0VJKOLA

Location	Kolar, Kolar
City	Kolar
District	Kolar
State	Karnataka
Pincode	563101
Country	IN
Address	P b no 19, near pallvi talkies, m b road, kolar-563101

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 Kolar 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, Kolar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Kolar 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 -

>>Kolar >>Kolar Karnataka >>Sheegehalli

MICR code for Bank Of Baroda Kolar

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

Use of Baroda Bank MICR code for Kolar branch in kolar

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