Bank Of Baroda Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rabale Navi Mumbai
Contact 022 - 27698194
Bank Details Bank Of Baroda Rabale Navi Mumbai BARB0RABALE
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400701
Country IN
Address P - 51/1 ttc industrial area, rabale midc, navi mumbai, maharashtra - 400 701
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 400012172 for Rabale Navi Mumbai 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 400012172 of Baroda Bank, Rabale Navi Mumbai branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Rabale Navi Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Rabale Navi Mumbai

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 Rabale Navi Mumbai 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. 400012172 is the MICR code of BOB for Rabale Navi Mumbai branch. MICR code for Rabale Navi Mumbai 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 Rabale Navi Mumbai is presented in the table alongside.

Use of Baroda Bank MICR code for Rabale Navi Mumbai branch in mumbai

The MICR code 400012172 is used in RBI cheque clearing process to identify the branch Rabale Navi Mumbai 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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