Bank Of Baroda Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Raipur Raipur Chhattisgarh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur Branch
Contact 0771-2523572
Bank Details Bank Of Baroda Raipur Branch BARB0RAIPUR
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Raipur branch,mahavir goshala complex, maudahapara, k.k. Road,raipur,492001
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 492012002 for Raipur 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 492012002 of Baroda Bank, Raipur Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Raipur Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Raipur 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 Raipur 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. 492012002 is the MICR code of BOB for Raipur Branch branch. MICR code for Raipur 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 Raipur Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Raipur Branch branch in raipur

The MICR code 492012002 is used in RBI cheque clearing process to identify the branch Raipur 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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