Bank Of Baroda Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Belgaum Belgaum Karnataka

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MICR Code	590012003
Bank	Bank Of Baroda
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Shahapur Branch
Contact	0831-2487290
Bank Details	Bank Of Baroda Shahapur Branch BARB0SHABEL

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590003
Country	IN
Address	Shahapur branch, 193, raibagkar buldg., near nath pai circle, shahapur, belg, belgaum, 590003

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 590012003 for Shahapur Branch 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 590012003 of Baroda Bank, Shahapur Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Shahapur Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Bank Of Baroda are available with micr code -

>>Belgaum >>Belgaum Branch >>Khanagaon K.H. >>Machhe >>Shahapur Branch >>Udyambagh Belgaum

MICR code for Bank Of Baroda Shahapur Branch

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 Shahapur Branch 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. 590012003 is the MICR code of BOB for Shahapur Branch branch. MICR code for Shahapur Branch 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 Shahapur Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Shahapur Branch branch in belgaum

The MICR code 590012003 is used in RBI cheque clearing process to identify the branch Shahapur Branch 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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