Bank Of Baroda Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Nagpur Nagpur Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mid Corporate Nagpur
Contact 22-1800223344
Bank Details Bank Of Baroda Mid Corporate Nagpur BARB0MIDNAG
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440018
Country IN
Address 2nd floor, mytri willows,opp. Empress mall, near gandhisagar lake,440018
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 Mid Corporate Nagpur 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, Mid Corporate Nagpur branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Mid Corporate Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Mid Corporate Nagpur

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 Mid Corporate Nagpur 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 Mid Corporate Nagpur branch. MICR code for Mid Corporate Nagpur 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 Mid Corporate Nagpur is presented in the table alongside.

Use of Baroda Bank MICR code for Mid Corporate Nagpur branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Mid Corporate Nagpur 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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