Bank Of Baroda Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tatyatope Branch
Contact 0755-2554769
Bank Details Bank Of Baroda Tatyatope Branch BARB0TATYAT
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462003
Country IN
Address Tatyatope branch,malviya nagar,bhopal,462003
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 462012003 for Tatyatope 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 462012003 of Baroda Bank, Tatyatope Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Tatyatope Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Tatyatope 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 Tatyatope 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. 462012003 is the MICR code of BOB for Tatyatope Branch branch. MICR code for Tatyatope 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 Tatyatope Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Tatyatope Branch branch in bhopal

The MICR code 462012003 is used in RBI cheque clearing process to identify the branch Tatyatope 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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