Bank Of Baroda Matar Kheda Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Matar Kheda Gujarat

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MICR Code	387012507
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	Matar Dist Kheda
Contact	02694-285564/2851133
Bank Details	Bank Of Baroda Matar Dist Kheda BARB0MATARX

Location	Matar, Kheda
City	Matar
District	Kheda
State	Gujarat
Pincode	387530
Country	IN
Address	Bazar, matar, dist.kheda, gujarat -387530

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 387012507 for Matar Dist Kheda 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 387012507 of Baroda Bank, Matar Dist Kheda branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Matar Dist Kheda 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 -

>>Matar Dist Kheda

MICR code for Bank Of Baroda Matar Dist Kheda

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 Matar Dist Kheda 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. 387012507 is the MICR code of BOB for Matar Dist Kheda branch. MICR code for Matar Dist Kheda 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 Matar Dist Kheda is presented in the table alongside.

Use of Baroda Bank MICR code for Matar Dist Kheda branch in matar

The MICR code 387012507 is used in RBI cheque clearing process to identify the branch Matar Dist Kheda 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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