Bank Of Baroda Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Nagpur Nagpur Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rani Durgawati Chowk Mh
Contact 0712- 2644343
Bank Details Bank Of Baroda Rani Durgawati Chowk Mh BARB0RANIDU
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440014
Country IN
Address Plot no 420,rani durgawati square,itwari station road,nagpur,maharashtra – 440014
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 Rani Durgawati Chowk Mh 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, Rani Durgawati Chowk Mh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Rani Durgawati Chowk Mh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Rani Durgawati Chowk Mh

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 Rani Durgawati Chowk Mh 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 Rani Durgawati Chowk Mh branch. MICR code for Rani Durgawati Chowk Mh 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 Rani Durgawati Chowk Mh is presented in the table alongside.

Use of Baroda Bank MICR code for Rani Durgawati Chowk Mh branch in nagpur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rani Durgawati Chowk Mh 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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