MICR Code Bank
Find MICR code for Bank Of Baroda Vakola Santacruz branches in India for NEFT and RTGS transfer

Bank Of Baroda Vakola Santacruz MICR CODE

Find MICR Codes for Bank Of Baroda Vakola Santacruz

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  1. Bank Of Baroda »
  2. Maharashtra »
  3. greater bombay »
  4. mumbai »
  5. vakola santacruz (east)

Find MICR Codes for Bank Of Baroda Vakola Santacruz

MICR Code: 400012160
Bank: Bank Of Baroda
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Vakola Santacruz (East)
Contact:
Bank Details: Bank Of Baroda Vakola Santacruz (East) BARB0MCVAKO
Location: Mumbai, Greater Bombay
City: Mumbai
District: Greater Bombay
State: Maharashtra
Pincode: 400059
Country: IN
Address: Shree kailash c h s l, nehru road, vakola, santacruz (east), mumbai

How does MICR code for vakola santacruz 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 of Baroda Bank, vakola santacruz branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for vakola santacruz branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda vakola santacruz

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 vakola santacruz 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. is the MICR code of BOB for vakola santacruz branch. MICR code for vakola santacruz 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 vakola santacruz is presented in the table alongside.

Use of Baroda Bank MICR code for vakola santacruz branch in mumbai

The MICR code is used in RBI cheque clearing process to identify the branch vakola santacruz 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.