Bank Of Baroda Faizabad Faizabad Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Faizabad Faizabad Uttar Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Naka Muzaffa Branch
Contact 05278-245895
Bank Details Bank Of Baroda Naka Muzaffa Branch BARB0NAKFAI
Location Faizabad, Faizabad
City Faizabad
District Faizabad
State Uttar Pradesh
Pincode 224001
Country IN
Address 122, naka muzaffara, faizabad-224001
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 224012003 for Naka Muzaffa 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 224012003 of Baroda Bank, Naka Muzaffa Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Naka Muzaffa Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Bank Of Baroda are available with micr code -

>>Anjana >>Chamanganj Bazar Up >>Deokali Faizabad Up >>Naka Muzaffa Branch >>Niyawan Road Branch >>Opposite Alka Hotel >>Ranimau Up >>Regional Sarb Varanasi >>Sibar >>Vishnu Market

MICR code for Bank Of Baroda Naka Muzaffa 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 Naka Muzaffa 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. 224012003 is the MICR code of BOB for Naka Muzaffa Branch branch. MICR code for Naka Muzaffa 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 Naka Muzaffa Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Naka Muzaffa Branch branch in faizabad

The MICR code 224012003 is used in RBI cheque clearing process to identify the branch Naka Muzaffa 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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