Bank Of Baroda Paradeep Jagatsinghpur Orissa MICR CODE

Find MICR Codes for Bank Of Baroda Paradeep Jagatsinghpur Orissa

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MICR Code	754012002
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	Paradip Orissa
Contact	06722-220120
Bank Details	Bank Of Baroda Paradip Orissa BARB0ATHARB

Location	Paradeep, Jagatsinghpur
City	Paradeep
District	Jagatsinghpur
State	Orissa
Pincode	754142
Country	IN
Address	Madhuban, qrmc-179, paradeep-orissa-754142

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 754012002 for Paradip Orissa 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 754012002 of Baroda Bank, Paradip Orissa branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Paradip Orissa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Paradip Orissa

MICR code for Bank Of Baroda Paradip Orissa

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 Paradip Orissa 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. 754012002 is the MICR code of BOB for Paradip Orissa branch. MICR code for Paradip Orissa 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 Paradip Orissa is presented in the table alongside.

Use of Baroda Bank MICR code for Paradip Orissa branch in paradeep

The MICR code 754012002 is used in RBI cheque clearing process to identify the branch Paradip Orissa 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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