Bank Of Baroda Madanapuram Mahbubnagar Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Madanapuram Mahbubnagar Andhra Pradesh

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MICR Code	523012202
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	Markapur Andhra Pradesh
Contact
Bank Details	Bank Of Baroda Markapur Andhra Pradesh BARB0MARKAP

Location	Madanapuram, Mahbubnagar
City	Madanapuram
District	Mahbubnagar
State	Andhra Pradesh
Pincode	523316
Country	IN
Address	D no:4-212-215,ns plaza rajaji street, markapuram,andhra pradesh -523316.

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 523012202 for Markapur Andhra Pradesh 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 523012202 of Baroda Bank, Markapur Andhra Pradesh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Markapur Andhra Pradesh 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 -

>>Markapur Andhra Pradesh

MICR code for Bank Of Baroda Markapur Andhra Pradesh

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 Markapur Andhra Pradesh 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. 523012202 is the MICR code of BOB for Markapur Andhra Pradesh branch. MICR code for Markapur Andhra Pradesh 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 Markapur Andhra Pradesh is presented in the table alongside.

Use of Baroda Bank MICR code for Markapur Andhra Pradesh branch in madanapuram

The MICR code 523012202 is used in RBI cheque clearing process to identify the branch Markapur Andhra Pradesh 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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