Bank Of Baroda Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Bank Of Baroda Ranchi Ranchi Jharkhand

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lalpur Chowk Jharkhand
Contact 0657-2449228
Bank Details Bank Of Baroda Lalpur Chowk Jharkhand BARB0LALRAN
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 834001
Country IN
Address 206 1st floor,devrani complex,lalpur road,ranchi,jharkhand - 834001.
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 834012008 for Lalpur Chowk Jharkhand 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 834012008 of Baroda Bank, Lalpur Chowk Jharkhand branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Lalpur Chowk Jharkhand branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Lalpur Chowk Jharkhand

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 Lalpur Chowk Jharkhand 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. 834012008 is the MICR code of BOB for Lalpur Chowk Jharkhand branch. MICR code for Lalpur Chowk Jharkhand 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 Lalpur Chowk Jharkhand is presented in the table alongside.

Use of Baroda Bank MICR code for Lalpur Chowk Jharkhand branch in ranchi

The MICR code 834012008 is used in RBI cheque clearing process to identify the branch Lalpur Chowk Jharkhand 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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