Bank Of Baroda Kollam Kollam Kerala MICR CODE

Find MICR Codes for Bank Of Baroda Kollam Kollam Kerala

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Quilon Branch
Contact 0474-2740473
Bank Details Bank Of Baroda Quilon Branch BARB0QUILON
Location Kollam, Kollam
City Kollam
District Kollam
State Kerala
Pincode 691001
Country IN
Address Quilon branch,parameswaran pillai building, main rd. Quilon,quilon,691001
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 691012002 for Quilon 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 691012002 of Baroda Bank, Quilon Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Quilon Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Neendakara >>Quilon >>Quilon Branch

MICR code for Bank Of Baroda Quilon 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 Quilon 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. 691012002 is the MICR code of BOB for Quilon Branch branch. MICR code for Quilon 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 Quilon Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Quilon Branch branch in kollam

The MICR code 691012002 is used in RBI cheque clearing process to identify the branch Quilon 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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