Bank Of Baroda Managundi Dharwad Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Managundi Dharwad Karnataka

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State
District
City
Branch
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	Managundi
Contact
Bank Details	Bank Of Baroda Managundi BARB0VJMANG

Location	Managundi, Dharwad
City	Managundi
District	Dharwad
State	Karnataka
Pincode	580003
Country	IN
Address	Hoysalanagar , managundi , dharwar dist , managundi , 580003

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

>>Managundi

MICR code for Bank Of Baroda Managundi

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

Use of Baroda Bank MICR code for Managundi branch in managundi

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