Bank Of Baroda Modnimb Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Modnimb Solapur Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Modnimb Dist.Solapur Maharashtra
Contact 02183 - 230237
Bank Details Bank Of Baroda Modnimb Dist.Solapur Maharashtra BARB0MODNIM
Location Modnimb, Solapur
City Modnimb
District Solapur
State Maharashtra
Pincode 413301
Country IN
Address Yadav bldg.,modnimb, tal:madha, dist.solapur, maharashtra - 413 301.
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.

Search Bank Of Baroda MICR Codes in solapur

You can search through MICR Codes of Maharashtra branches in modnimb of District solapur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Modnimb Dist.Solapur Maharashtra

How to find MICR codes for Bank Of Baroda in modnimb?

Bank Of Baroda modnimb MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Baroda Bank MICR codes list for modnimb, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Baroda modnimb branches.

Baroda Bank MICR code in modnimb

Bank Of Baroda MICR code is a character recognition technology used by banks in the processing of cheques. Baroda Bank MICR code for modnimb branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for BOB branches in modnimb, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does BOB MICR code for modnimb branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Baroda modnimb branch, sprinted 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. Thus MICR code for Baroda Bank modnimb branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of BOB MICR codes for modnimb branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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