Bank Of Baroda Muzaffarpur Muzaffarpur Bihar MICR CODE

Find MICR Codes for Bank Of Baroda Muzaffarpur Muzaffarpur Bihar

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mustafapur
Contact 1800223344
Bank Details Bank Of Baroda Mustafapur BARB0MUSTAF
Location Muzaffarpur, Muzaffarpur
City Muzaffarpur
District Muzaffarpur
State Bihar
Pincode 842004
Country IN
Address Vill mustafapur,block kanti,dist muzaffarpur,bihar – 842004
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 Mustafapur 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, Mustafapur branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Mustafapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Mustafapur

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

Use of Baroda Bank MICR code for Mustafapur branch in muzaffarpur

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