Bank Of Baroda Mahad Raigad Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mahad Raigad Maharashtra

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MICR Code	402012001
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	Mahad Branch
Contact	02145-222141
Bank Details	Bank Of Baroda Mahad Branch BARB0MAHADX

Location	Mahad, Raigad
City	Mahad
District	Raigad
State	Maharashtra
Pincode	402301
Country	IN
Address	Mahad branch,savitri road, mahad, dist. Raigad,mahad,402301

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 402012001 for Mahad 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 402012001 of Baroda Bank, Mahad Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Mahad Branch 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 -

>>Mahad Branch

MICR code for Bank Of Baroda Mahad 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 Mahad 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. 402012001 is the MICR code of BOB for Mahad Branch branch. MICR code for Mahad 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 Mahad Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Mahad Branch branch in mahad

The MICR code 402012001 is used in RBI cheque clearing process to identify the branch Mahad 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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