Bank Of Baroda Mandya Mandya Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Mandya Mandya Karnataka

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maddur Branch
Contact 22-1800223344
Bank Details Bank Of Baroda Maddur Branch BARB0VJCBSS
Location Mandya, Mandya
City Mandya
District Mandya
State Karnataka
Pincode 571428
Country IN
Address Maddur maddur main road mandya district 571428
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 571806402 for Maddur Branch 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 571806402 of Baroda Bank, Maddur Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Maddur Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Maddur Branch >>Mahadeswara Complex >>Mandya >>Mandya Main

MICR code for Bank Of Baroda Maddur Branch

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 Maddur Branch 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. 571806402 is the MICR code of BOB for Maddur Branch branch. MICR code for Maddur Branch 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 Maddur Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Maddur Branch branch in mandya

The MICR code 571806402 is used in RBI cheque clearing process to identify the branch Maddur Branch 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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