Bank Of Baroda Chikodi Belgaum Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Chikodi Belgaum Karnataka

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Address

MICR Code	-NA-
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	Nippani
Contact
Bank Details	Bank Of Baroda Nippani BARB0NIPPAN

Location	Chikodi, Belgaum
City	Chikodi
District	Belgaum
State	Karnataka
Pincode	591237
Country	IN
Address	Ground floor no 704 opposite to federal bank ashok nagar nippani chikodi taluk belguam karnatka 591237

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

A total of 2 branches of Bank Of Baroda are available with micr code -

>>Chikkodi >>Nippani

MICR code for Bank Of Baroda Nippani

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

Use of Baroda Bank MICR code for Nippani branch in chikodi

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