Bank Of Baroda Coimbatore Coimbatore Tamil Nadu MICR CODE

Find MICR Codes for Bank Of Baroda Coimbatore Coimbatore Tamil Nadu

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sme Coimbatore
Contact 22-1800223344
Bank Details Bank Of Baroda Sme Coimbatore BARB0SMECOI
Location Coimbatore, Coimbatore
City Coimbatore
District Coimbatore
State Tamil Nadu
Pincode
Country IN
Address 82 bank road coimbatore
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 Sme Coimbatore 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, Sme Coimbatore branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Sme Coimbatore branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Sme Coimbatore

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 Sme Coimbatore 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 Sme Coimbatore branch. MICR code for Sme Coimbatore 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 Sme Coimbatore is presented in the table alongside.

Use of Baroda Bank MICR code for Sme Coimbatore branch in coimbatore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sme Coimbatore 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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