Bank Of Baroda Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Indore Indore Madhya Pradesh

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State
District
City
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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	Palasia Indore
Contact
Bank Details	Bank Of Baroda Palasia Indore BARB0DBPSIA

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452001
Country	IN
Address	162 ug floor navneetdarshan building old palasia indore indore madhya pradesh 452001

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

A total of 35 branches of Bank Of Baroda are available with micr code -

>>A B Road Ind Branch >>Aerodrum Road Indore >>Annapurna Road >>Annapurna Road Indore >>Baroli >>Bijalpur >>Dbuindore >>Footikothi Road Indore >>Goyal Nagar Mp >>Gumasta Nagar Indore >>I.E.Indore Branch >>Indore >>Indorevijayanagar >>Khajrana Road >>Khandwa Road >>Manikbagroad Mp >>Mg Road Indore Mp >>Mid Corporate Indore >>Navlak Road Branch >>Navlakha >>Nipanya Br. Indore M.P. >>Palasia Indore >>R.N.T. Marg Branch >>Ravi Shankar Branch >>Regional Stressed Asset Recov >>S S Road Indore Mp >>Sanwer Road >>Scheme No >>Sitlamata Branch >>Sitlamata Indore >>Siyaganj Branch >>Siyaganj Indore >>South Tukoganj Indore >>Transport Branch >>Vijay Nagar Branch

MICR code for Bank Of Baroda Palasia Indore

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 Palasia Indore 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 Palasia Indore branch. MICR code for Palasia Indore 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 Palasia Indore is presented in the table alongside.

Use of Baroda Bank MICR code for Palasia Indore branch in indore

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