Bank Of Baroda Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Pune Pune Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nibm Kondwa
Contact
Bank Details Bank Of Baroda Nibm Kondwa BARB0VJNIBM
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411048
Country IN
Address S no 1 a (part) aditya business centre kondhwa khurd pune 411048
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 Nibm Kondwa 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, Nibm Kondwa branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Nibm Kondwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 89 branches of Bank Of Baroda are available with micr code -

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MICR code for Bank Of Baroda Nibm Kondwa

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 Nibm Kondwa 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 Nibm Kondwa branch. MICR code for Nibm Kondwa 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 Nibm Kondwa is presented in the table alongside.

Use of Baroda Bank MICR code for Nibm Kondwa branch in pune

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