Bank Of Baroda Margao South Goa Goa MICR CODE

Find MICR Codes for Bank Of Baroda Margao South Goa Goa

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Margao Branch
Contact 0832-2730955
Bank Details Bank Of Baroda Margao Branch BARB0MARGAO
Location Margao, South Goa
City Margao
District South Goa
State Goa
Pincode 403601
Country IN
Address Margao branch,marchon bldg. Margao goa.,margao,403601
MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vascodagama Branch
Contact 08322513050, 2501510
Bank Details Bank Of Baroda Vascodagama Branch BARB0VASCOD
Location Margao, South Goa
City Margao
District South Goa
State Goa
Pincode 403802
Country IN
Address Vascodagama branch,p.b.no.144,swatantra path,vasco,vasco,403802
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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.

Search Bank Of Baroda MICR Codes in south goa

You can search through MICR Codes of Goa branches in margao of District south goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Gandhi Market Goa >>Madgaon Goa >>Margao Branch >>Vascodagama Branch

How to find MICR codes for Bank Of Baroda in margao?

Bank Of Baroda margao MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Baroda Bank MICR codes list for margao, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Baroda margao branches.

Baroda Bank MICR code in margao

Bank Of Baroda MICR code is a character recognition technology used by banks in the processing of cheques. Baroda Bank MICR code for margao branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for BOB branches in margao, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does BOB MICR code for margao branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Baroda margao branch, sprinted 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. Thus MICR code for Baroda Bank margao branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of BOB MICR codes for margao branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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