Bank Of Baroda Raurkela Sundergarh Orissa MICR CODE

Find MICR Codes for Bank Of Baroda Raurkela Sundergarh Orissa

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Power House Rourkela
Contact 0661-2500170
Bank Details Bank Of Baroda Power House Rourkela BARB0POWROU
Location Raurkela, Sundergarh
City Raurkela
District Sundergarh
State Orissa
Pincode 769001
Country IN
Address Hotel nidhi complex, power house - road, rourkela - 769 001.
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 769012003 for Power House Rourkela 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 769012003 of Baroda Bank, Power House Rourkela branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Power House Rourkela 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 -

>>Power House Rourkela >>Rourkela Branch

MICR code for Bank Of Baroda Power House Rourkela

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 Power House Rourkela 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. 769012003 is the MICR code of BOB for Power House Rourkela branch. MICR code for Power House Rourkela 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 Power House Rourkela is presented in the table alongside.

Use of Baroda Bank MICR code for Power House Rourkela branch in raurkela

The MICR code 769012003 is used in RBI cheque clearing process to identify the branch Power House Rourkela 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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