Bank Of Baroda Panipat Panipat Haryana MICR CODE

Find MICR Codes for Bank Of Baroda Panipat Panipat Haryana

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MICR Code	132012002
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	Panipat Branch
Contact	0180-2638444,2648018
Bank Details	Bank Of Baroda Panipat Branch BARB0PANIPA

Location	Panipat, Panipat
City	Panipat
District	Panipat
State	Haryana
Pincode	132103
Country	IN
Address	Panipat branch,g.t. Road , panipat,panipat,132103

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 132012002 for Panipat 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 132012002 of Baroda Bank, Panipat Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Panipat Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 8 branches of Bank Of Baroda are available with micr code -

>>Model Town >>Panipat >>Panipat Branch >>Panipat Industrial Area >>Panipat Sector >>Samalkha >>Sanoli Road Panipat >>Ssi Panipat

MICR code for Bank Of Baroda Panipat 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 Panipat 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. 132012002 is the MICR code of BOB for Panipat Branch branch. MICR code for Panipat 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 Panipat Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Panipat Branch branch in panipat

The MICR code 132012002 is used in RBI cheque clearing process to identify the branch Panipat 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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