Bank Of Baroda Magadi Ramanagara Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Magadi Ramanagara Karnataka

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State
District
City
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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	Magadi
Contact
Bank Details	Bank Of Baroda Magadi BARB0VJMAGA

Location	Magadi, Ramanagara
City	Magadi
District	Ramanagara
State	Karnataka
Pincode	562120
Country	IN
Address	Kllya gate,main road , magadi , bangalorerural dist. , magadi , 562120

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 Magadi 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, Magadi branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Magadi 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 -

>>Magadi

MICR code for Bank Of Baroda Magadi

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

Use of Baroda Bank MICR code for Magadi branch in magadi

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