Bank Of Baroda Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Vadodara Vadodara Gujarat

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panigate Branch
Contact 0265-2563747
Bank Details Bank Of Baroda Panigate Branch BARB0PANIGA
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390017
Country IN
Address Panigate branch,nr.harish petrol pump,outside panigate,baroda,baroda,390017
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 390012012 for Panigate 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 390012012 of Baroda Bank, Panigate Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Panigate Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Panigate 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 Panigate 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. 390012012 is the MICR code of BOB for Panigate Branch branch. MICR code for Panigate 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 Panigate Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Panigate Branch branch in vadodara

The MICR code 390012012 is used in RBI cheque clearing process to identify the branch Panigate 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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