Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Punjagutta Hyderabad
Contact 040-23421600
Bank Details Bank Of Baroda Punjagutta Hyderabad BARB0PUNJAG
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500028
Country IN
Address 6/3/667/4, siri malle towers, punjagutta, hyderabad, andhra pradesh - 500 028.
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 500012027 for Punjagutta Hyderabad 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 500012027 of Baroda Bank, Punjagutta Hyderabad branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Punjagutta Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Punjagutta Hyderabad

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 Punjagutta Hyderabad 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. 500012027 is the MICR code of BOB for Punjagutta Hyderabad branch. MICR code for Punjagutta Hyderabad 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 Punjagutta Hyderabad is presented in the table alongside.

Use of Baroda Bank MICR code for Punjagutta Hyderabad branch in hyderabad

The MICR code 500012027 is used in RBI cheque clearing process to identify the branch Punjagutta Hyderabad 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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