MICR Code Bank
Find MICR code for Bank Of Baroda Sainath Road Malad branches in India for NEFT and RTGS transfer

Bank Of Baroda Sainath Road Malad MICR CODE

Find MICR Codes for Bank Of Baroda Sainath Road Malad

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  1. Bank Of Baroda »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. sainath road malad (w) maharashtra

Find MICR Codes for Bank Of Baroda Sainath Road Malad

MICR Code: 400012162
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

How does MICR code for sainath road malad 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 of Baroda Bank, sainath road malad branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for sainath road malad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda sainath road malad

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 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. is the MICR code of BOB for sainath road malad branch. MICR code for sainath road malad 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 is presented in the table alongside.

Use of Baroda Bank MICR code for sainath road malad branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch sainath road malad 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.