Bank Of Baroda Nasik Nasik Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Nasik Nasik Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Niphad
Contact
Bank Details Bank Of Baroda Niphad BARB0DBNIPH
Location Nasik, Nasik
City Nasik
District Nasik
State Maharashtra
Pincode 422303
Country IN
Address Hno 1945 1st floorugaon road district nashik niphad nashik maharashtra 422303
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 Niphad 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, Niphad branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Niphad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Niphad

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

Use of Baroda Bank MICR code for Niphad branch in nasik

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