Bank Of Baroda Palanpur Banas Kantha Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Palanpur Banas Kantha Gujarat

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MICR Code	385012001
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	Palanpur Branch
Contact	02742-252213
Bank Details	Bank Of Baroda Palanpur Branch BARB0PALANP

Location	Palanpur, Banas Kantha
City	Palanpur
District	Banas Kantha
State	Gujarat
Pincode	385001
Country	IN
Address	Palanpur branch,opp hotel banas near rly bridge palace road palanpur,palanpur,385001

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 385012001 for Palanpur 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 385012001 of Baroda Bank, Palanpur Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Palanpur Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Char Rasta Palanpur Gujarat >>Palanpur >>Palanpur >>Palanpur Branch

MICR code for Bank Of Baroda Palanpur 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 Palanpur 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. 385012001 is the MICR code of BOB for Palanpur Branch branch. MICR code for Palanpur 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 Palanpur Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Palanpur Branch branch in palanpur

The MICR code 385012001 is used in RBI cheque clearing process to identify the branch Palanpur 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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