Bank Of Baroda Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch M.P.Housing Board Extension Counter Bhopal
Contact 0755-2422008
Bank Details Bank Of Baroda M.P.Housing Board Extension Counter Bhopal BARB0EXTHAB
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462016
Country IN
Address M.p.housing board ec, bittan market bhopal 462 016.
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 M.P.Housing Board Extension Counter Bhopal 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, M.P.Housing Board Extension Counter Bhopal branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for M.P.Housing Board Extension Counter Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda M.P.Housing Board Extension Counter Bhopal

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 M.P.Housing Board Extension Counter Bhopal 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 M.P.Housing Board Extension Counter Bhopal branch. MICR code for M.P.Housing Board Extension Counter Bhopal 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 M.P.Housing Board Extension Counter Bhopal is presented in the table alongside.

Use of Baroda Bank MICR code for M.P.Housing Board Extension Counter Bhopal branch in bhopal

The MICR code 0 is used in RBI cheque clearing process to identify the branch M.P.Housing Board Extension Counter Bhopal 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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