Bank Of Baroda Poladpur Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Poladpur Raigad Maharashtra

Bank	↻ Reload
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	Lohare
Contact
Bank Details	Bank Of Baroda Lohare BARB0LOHARE

Location	Poladpur, Raigad
City	Poladpur
District	Raigad
State	Maharashtra
Pincode	402303
Country	IN
Address	432 p o lohare poladpur raigad maharashtra 402303

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

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Lohare

MICR code for Bank Of Baroda Lohare

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

Use of Baroda Bank MICR code for Lohare branch in poladpur

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

Copied!