Bank Of Baroda Patan Patan Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Patan Patan Gujarat

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MICR Code	384012082
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	Market Yard Branch
Contact	02766-222331,223633
Bank Details	Bank Of Baroda Market Yard Branch BARB0MARPAT

Location	Patan, Patan
City	Patan
District	Patan
State	Gujarat
Pincode	384265
Country	IN
Address	Market yard branch,market yard patan dt. Patan,patan,384265

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 384012082 for Market Yard 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 384012082 of Baroda Bank, Market Yard Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Market Yard Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Bank Of Baroda are available with micr code -

>>Aghar Rajasthan >>Chanasma >>Harij >>Kakoshi >>Market Yard Branch >>Patan >>Patan >>Patan Main Branch >>Radhanpur >>Rajmahal Road Patan Gujarat >>Sami >>Sidhpur >>Varahi

MICR code for Bank Of Baroda Market Yard 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 Market Yard 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. 384012082 is the MICR code of BOB for Market Yard Branch branch. MICR code for Market Yard 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 Market Yard Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Market Yard Branch branch in patan

The MICR code 384012082 is used in RBI cheque clearing process to identify the branch Market Yard 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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