Bank Of Baroda Visakhapatnam Vishakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Visakhapatnam Vishakhapatnam Andhra Pradesh

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MICR Code	530012005
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	Mvp Colony Branch
Contact	2530002
Bank Details	Bank Of Baroda Mvp Colony Branch BARB0MVPVIS

Location	Visakhapatnam, Vishakhapatnam
City	Visakhapatnam
District	Vishakhapatnam
State	Andhra Pradesh
Pincode	530017
Country	IN
Address	Mvp colony branch,flat no 2-30-15/1, mig-1 b, 15, mvp colony,,vishakapatnam,530017

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 530012005 for Mvp Colony Branch 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 530012005 of Baroda Bank, Mvp Colony Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Mvp Colony Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Bank Of Baroda are available with micr code -

>>Akkayyapalem >>Asilmetta Branch >>Jaggaiahpet >>Mvp Colony Branch >>Nadkotha Road Vishakhapatnam Andhra Pradesh >>Seethammadha Branch >>Vadalapudi Branch >>Visakhapatan Visakhapa

MICR code for Bank Of Baroda Mvp Colony Branch

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 Mvp Colony Branch 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. 530012005 is the MICR code of BOB for Mvp Colony Branch branch. MICR code for Mvp Colony Branch 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 Mvp Colony Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Mvp Colony Branch branch in visakhapatnam

The MICR code 530012005 is used in RBI cheque clearing process to identify the branch Mvp Colony Branch 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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