Bank Of Baroda Shivpuri Shivpuri Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Shivpuri Shivpuri Madhya Pradesh

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MICR Code	473012051
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	Shivpuri M.P.
Contact	07492-407289
Bank Details	Bank Of Baroda Shivpuri M.P. BARB0SHIVMP

Location	Shivpuri, Shivpuri
City	Shivpuri
District	Shivpuri
State	Madhya Pradesh
Pincode	473501
Country	IN
Address	Bank of baroda - a b road shivpuri - mp - 473501

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 473012051 for Shivpuri M.P. 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 473012051 of Baroda Bank, Shivpuri M.P. branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Shivpuri M.P. branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Bank Of Baroda are available with micr code -

>>Shivpuri >>Shivpuri >>Shivpuri M.P.

MICR code for Bank Of Baroda Shivpuri M.P.

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 Shivpuri M.P. 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. 473012051 is the MICR code of BOB for Shivpuri M.P. branch. MICR code for Shivpuri M.P. 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 Shivpuri M.P. is presented in the table alongside.

Use of Baroda Bank MICR code for Shivpuri M.P. branch in shivpuri

The MICR code 473012051 is used in RBI cheque clearing process to identify the branch Shivpuri M.P. 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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