Bank Of Baroda Varye Satara Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Varye Satara Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ramnagar Varye
Contact
Bank Details Bank Of Baroda Ramnagar Varye BARB0VJRAMN
Location Varye, Satara
City Varye
District Satara
State Maharashtra
Pincode 415015
Country IN
Address Shriram bungalow at ramnagar , postvarye , taluk district satara , ramnagar , 415015
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 0 for Ramnagar Varye 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 0 of Baroda Bank, Ramnagar Varye branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ramnagar Varye branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Ramnagar Varye

MICR code for Bank Of Baroda Ramnagar Varye

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 Ramnagar Varye 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. 0 is the MICR code of BOB for Ramnagar Varye branch. MICR code for Ramnagar Varye 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 Ramnagar Varye is presented in the table alongside.

Use of Baroda Bank MICR code for Ramnagar Varye branch in varye

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ramnagar Varye 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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