Bank Of Baroda Velapur Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Velapur Solapur Maharashtra

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MICR Code	413012504
Bank	Bank Of Baroda
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Velapur Dist Solapur
Contact	02185-245023
Bank Details	Bank Of Baroda Velapur Dist Solapur BARB0VELAPU

Location	Velapur, Solapur
City	Velapur
District	Solapur
State	Maharashtra
Pincode	413113
Country	IN
Address	Bank of baroda niwant ganeshnagar velapur 413 113 dist sholapur

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 413012504 for Velapur Dist Solapur 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 413012504 of Baroda Bank, Velapur Dist Solapur branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Velapur Dist Solapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Velapur Dist Solapur

MICR code for Bank Of Baroda Velapur Dist Solapur

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 Velapur Dist Solapur 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. 413012504 is the MICR code of BOB for Velapur Dist Solapur branch. MICR code for Velapur Dist Solapur 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 Velapur Dist Solapur is presented in the table alongside.

Use of Baroda Bank MICR code for Velapur Dist Solapur branch in velapur

The MICR code 413012504 is used in RBI cheque clearing process to identify the branch Velapur Dist Solapur 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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