Bank Of Baroda Mangalore Dakshina Kannada Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Mangalore Dakshina Kannada Karnataka

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MICR Code	575012004
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	Panambur Branch
Contact	0824-2405032,2407432
Bank Details	Bank Of Baroda Panambur Branch BARB0PANAMB

Location	Mangalore, Dakshina Kannada
City	Mangalore
District	Dakshina Kannada
State	Karnataka
Pincode	575010
Country	IN
Address	Panambur branch, new market yard, n.m.p.t.colony, panambur, mangalore, 575010

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 575012004 for Panambur 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 575012004 of Baroda Bank, Panambur Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Panambur Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Ladyhill Branch >>Mangalore Branch >>Panambur Branch

MICR code for Bank Of Baroda Panambur 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 Panambur 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. 575012004 is the MICR code of BOB for Panambur Branch branch. MICR code for Panambur 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 Panambur Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Panambur Branch branch in mangalore

The MICR code 575012004 is used in RBI cheque clearing process to identify the branch Panambur 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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