Bank Of Baroda Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mumbai Greater Bombay Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sainath Road Malad (W) Maharashtra
Contact 022 - 28885979
Bank Details Bank Of Baroda Sainath Road Malad (W) Maharashtra BARB0MCSAIN
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400064
Country IN
Address Patel shopping centre, shop no.18,sainath road, malad (w),mumbai,maharashtra
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 400012162 for Sainath Road Malad (W) Maharashtra 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 400012162 of Baroda Bank, Sainath Road Malad (W) Maharashtra branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Sainath Road Malad (W) Maharashtra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Sainath Road Malad (W) Maharashtra

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 Sainath Road Malad (W) Maharashtra 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. 400012162 is the MICR code of BOB for Sainath Road Malad (W) Maharashtra branch. MICR code for Sainath Road Malad (W) Maharashtra 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 Sainath Road Malad (W) Maharashtra is presented in the table alongside.

Use of Baroda Bank MICR code for Sainath Road Malad (W) Maharashtra branch in mumbai

The MICR code 400012162 is used in RBI cheque clearing process to identify the branch Sainath Road Malad (W) Maharashtra 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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