Bank Of Baroda Rajkot Rajkot Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Rajkot Rajkot Gujarat

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch University Road Rajkot
Contact 0281-2220679
Bank Details Bank Of Baroda University Road Rajkot BARB0UNIRAJ
Location Rajkot, Rajkot
City Rajkot
District Rajkot
State Gujarat
Pincode 360005
Country IN
Address University road branch, nakshtra - iii, 150 ft ring road,near raiya telephone exchange,rajkot, gujarat – 360 005
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 360012016 for University Road Rajkot 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 360012016 of Baroda Bank, University Road Rajkot branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for University Road Rajkot branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda University Road Rajkot

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 University Road Rajkot 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. 360012016 is the MICR code of BOB for University Road Rajkot branch. MICR code for University Road Rajkot 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 University Road Rajkot is presented in the table alongside.

Use of Baroda Bank MICR code for University Road Rajkot branch in rajkot

The MICR code 360012016 is used in RBI cheque clearing process to identify the branch University Road Rajkot 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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