Bank Of Baroda Ponda North Goa Goa MICR CODE

Find MICR Codes for Bank Of Baroda Ponda North Goa Goa

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MICR Code	403012012
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	Ponda Dist North Goa
Contact	0832-2313767
Bank Details	Bank Of Baroda Ponda Dist North Goa BARB0PONDAX

Location	Ponda, North Goa
City	Ponda
District	North Goa
State	Goa
Pincode	403401
Country	IN
Address	Bank of baroda angarika building opp almeida high school ponda

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 403012012 for Ponda Dist North Goa 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 403012012 of Baroda Bank, Ponda Dist North Goa branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ponda Dist North Goa 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 -

>>Ponda Dist North Goa >>Ponda Goa

MICR code for Bank Of Baroda Ponda Dist North Goa

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 Ponda Dist North Goa 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. 403012012 is the MICR code of BOB for Ponda Dist North Goa branch. MICR code for Ponda Dist North Goa 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 Ponda Dist North Goa is presented in the table alongside.

Use of Baroda Bank MICR code for Ponda Dist North Goa branch in ponda

The MICR code 403012012 is used in RBI cheque clearing process to identify the branch Ponda Dist North Goa 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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