Bank Of Baroda Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Rajkot Rajkot Gujarat

↻ Reload
MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raydi
Contact
Bank Details Bank Of Baroda Raydi BARB0DBRAYA
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360400
Country IN
Address Rayaditehjamkandorna rayad rajkot gujarat 360400
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 Raydi 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, Raydi branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Raydi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Raydi

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 Raydi 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 Raydi branch. MICR code for Raydi 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 Raydi is presented in the table alongside.

Use of Baroda Bank MICR code for Raydi branch in rajkot

The MICR code 0 is used in RBI cheque clearing process to identify the branch Raydi 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.

Copied!