Bank Of Baroda Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mumbai Mumbai Maharashtra

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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	Lalbaug Mumbai
Contact
Bank Details	Bank Of Baroda Lalbaug Mumbai BARB0DBLALB

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400012
Country	IN
Address	2127 15hiramani super marketdrbaroaddrssrao road junction lalbaug mumbai mumbai maharashtra 400012

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

A total of 176 branches of Bank Of Baroda are available with micr code -

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MICR code for Bank Of Baroda Lalbaug 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 Lalbaug 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 Lalbaug Mumbai branch. MICR code for Lalbaug 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 Lalbaug Mumbai is presented in the table alongside.

Use of Baroda Bank MICR code for Lalbaug Mumbai branch in mumbai

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