Bank Of Baroda Lodhika Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Lodhika Rajkot Gujarat

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MICR Code	360012019
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	Metoda
Contact	1800223344
Bank Details	Bank Of Baroda Metoda BARB0METODA

Location	Lodhika, Rajkot
City	Lodhika
District	Rajkot
State	Gujarat
Pincode	360024
Country	IN
Address	Jai commercial complex,plot no 1210c,metoda,gidc,tal lodhika,dist rajkot,gujarat-360024

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 360012019 for Metoda 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 360012019 of Baroda Bank, Metoda branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Metoda 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 -

>>Metoda

MICR code for Bank Of Baroda Metoda

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 Metoda 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. 360012019 is the MICR code of BOB for Metoda branch. MICR code for Metoda 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 Metoda is presented in the table alongside.

Use of Baroda Bank MICR code for Metoda branch in lodhika

The MICR code 360012019 is used in RBI cheque clearing process to identify the branch Metoda 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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