Bank Of Baroda Mumbai Suburban Mumbai Suburban Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mumbai Suburban Mumbai Suburban Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Marol
Contact
Bank Details Bank Of Baroda Marol BARB0DBMARO
Location Mumbai Suburban, Mumbai Suburban
City Mumbai Suburban
District Mumbai Suburban
State Maharashtra
Pincode 400059
Country IN
Address The heritagemarolandheri (east) mumbai mumbai suburban maharashtra 400059
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 Marol 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, Marol branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Marol branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Marol

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

Use of Baroda Bank MICR code for Marol branch in mumbai suburban

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