Bank Of Baroda Phagwara Kapurthala Punjab MICR CODE

Find MICR Codes for Bank Of Baroda Phagwara Kapurthala Punjab

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MICR Code	144012002
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	Phagwara Branch
Contact	01824-263730, 501007
Bank Details	Bank Of Baroda Phagwara Branch BARB0PHAGWA

Location	Phagwara, Kapurthala
City	Phagwara
District	Kapurthala
State	Punjab
Pincode	144401
Country	IN
Address	Phagwara branch,g.t.road, phagwara,phagwara,144401

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 144012002 for Phagwara 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 144012002 of Baroda Bank, Phagwara Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Phagwara Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Baroda are available with micr code -

>>Phagwara >>Phagwara Branch

MICR code for Bank Of Baroda Phagwara 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 Phagwara 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. 144012002 is the MICR code of BOB for Phagwara Branch branch. MICR code for Phagwara 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 Phagwara Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Phagwara Branch branch in phagwara

The MICR code 144012002 is used in RBI cheque clearing process to identify the branch Phagwara 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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