Bank Of Baroda Nampur Nashik Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Nampur Nashik Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nampur Maharasthra
Contact 02555-245160
Bank Details Bank Of Baroda Nampur Maharasthra BARB0NAMPUR
Location Nampur, Nashik
City Nampur
District Nashik
State Maharashtra
Pincode 423204
Country IN
Address Vaibhav, 650/51 ashirwad chowk,kamlonkar wada, nampur, maharashtra - 423 204.
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 Nampur Maharasthra 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, Nampur Maharasthra branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Nampur Maharasthra branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Nampur Maharasthra

MICR code for Bank Of Baroda Nampur Maharasthra

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 Nampur Maharasthra 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 Nampur Maharasthra branch. MICR code for Nampur Maharasthra 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 Nampur Maharasthra is presented in the table alongside.

Use of Baroda Bank MICR code for Nampur Maharasthra branch in nampur

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