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 Niyawan Road Branch
Contact 05278-224623
Bank Details Bank Of Baroda Niyawan Road Branch BARB0NIYFAI
Location Faizabad, Faizabad
City Faizabad
District Faizabad
State Uttar Pradesh
Pincode 224001
Country IN
Address 970, niyawan road,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 224012004 for Niyawan Road 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 224012004 of Baroda Bank, Niyawan Road Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Niyawan Road 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 Niyawan Road 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 Niyawan Road 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. 224012004 is the MICR code of BOB for Niyawan Road Branch branch. MICR code for Niyawan Road 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 Niyawan Road Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Niyawan Road Branch branch in faizabad

The MICR code 224012004 is used in RBI cheque clearing process to identify the branch Niyawan Road 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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