Bank Of Baroda Lonavala Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Lonavala Pune Maharashtra

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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	Lonavala
Contact
Bank Details	Bank Of Baroda Lonavala BARB0VJLONA

Location	Lonavala, Pune
City	Lonavala
District	Pune
State	Maharashtra
Pincode	410401
Country	IN
Address	30,kukreja building , new bhangarwadi road , lonavala , lonavala , 410401

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

A total of 2 branches of Bank Of Baroda are available with micr code -

>>Lonavala >>Lonavala Branch

MICR code for Bank Of Baroda Lonavala

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

Use of Baroda Bank MICR code for Lonavala branch in lonavala

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