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 Rawabhata Chhattisgarh
Contact 0771-4057595
Bank Details Bank Of Baroda Rawabhata Chhattisgarh BARB0RAWABH
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 493221
Country IN
Address Block no. 7,t.p. Nagar,plot no. W/2-22, rawabhata,birgaon,bilaspur road,raipur,chattisgarh – 493221.
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 493012504 for Rawabhata Chhattisgarh 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 493012504 of Baroda Bank, Rawabhata Chhattisgarh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Rawabhata Chhattisgarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Rawabhata Chhattisgarh

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 Rawabhata Chhattisgarh 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. 493012504 is the MICR code of BOB for Rawabhata Chhattisgarh branch. MICR code for Rawabhata Chhattisgarh 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 Rawabhata Chhattisgarh is presented in the table alongside.

Use of Baroda Bank MICR code for Rawabhata Chhattisgarh branch in raipur

The MICR code 493012504 is used in RBI cheque clearing process to identify the branch Rawabhata Chhattisgarh 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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