Bank Of Baroda Morvi Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Morvi Rajkot Gujarat

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MICR Code	363012506
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	Makansar Gujarat
Contact	0281-2220470
Bank Details	Bank Of Baroda Makansar Gujarat BARB0MAKANS

Location	Morvi, Rajkot
City	Morvi
District	Rajkot
State	Gujarat
Pincode	363642
Country	IN
Address	Near gram panchayat office,makansar, ta : morvi,gujarat - 363642.

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 363012506 for Makansar Gujarat 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 363012506 of Baroda Bank, Makansar Gujarat branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Makansar Gujarat branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Makansar Gujarat >>Morvi Dist Rajkot >>Trajpar Area Rajkot

MICR code for Bank Of Baroda Makansar Gujarat

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 Makansar Gujarat 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. 363012506 is the MICR code of BOB for Makansar Gujarat branch. MICR code for Makansar Gujarat 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 Makansar Gujarat is presented in the table alongside.

Use of Baroda Bank MICR code for Makansar Gujarat branch in morvi

The MICR code 363012506 is used in RBI cheque clearing process to identify the branch Makansar Gujarat 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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