Bank Of Baroda Kalyan Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Kalyan Thane Maharashtra

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Varapgaon Thane Mh
Contact 022-2596635
Bank Details Bank Of Baroda Varapgaon Thane Mh BARB0VARAPG
Location Kalyan, Thane
City Kalyan
District Thane
State Maharashtra
Pincode 410204
Country IN
Address Shop no.15 to 18,sai mala garden,opp. Seema resort,kalyan murbad rokad,tal – kalyan,thane,maharashtra – 410204.
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 421012501 for Varapgaon Thane Mh 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 421012501 of Baroda Bank, Varapgaon Thane Mh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Varapgaon Thane Mh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Varapgaon Thane Mh

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 Varapgaon Thane Mh 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. 421012501 is the MICR code of BOB for Varapgaon Thane Mh branch. MICR code for Varapgaon Thane Mh 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 Varapgaon Thane Mh is presented in the table alongside.

Use of Baroda Bank MICR code for Varapgaon Thane Mh branch in kalyan

The MICR code 421012501 is used in RBI cheque clearing process to identify the branch Varapgaon Thane Mh 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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