Central Bank Vadodara Vadodara Gujarat MICR CODE

Find MICR Codes for Central Bank Vadodara Vadodara Gujarat

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MICR Code
Bank Central Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panigate Baroda
Contact
Bank Details Central Bank Of India Panigate Baroda CBIN0281301
Location Vadodara, Vadodara
City Vadodara
District Vadodara
State Gujarat
Pincode 390017
Country IN
Address P.b. No. 22, kala chamber, panigate road, baroda
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 390016002 for Panigate Baroda 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 390016002 of Central Bank Of India, Panigate Baroda branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Panigate Baroda branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Central Bank Panigate Baroda

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Panigate Baroda 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. 390016002 is the MICR code of Central Bank India for Panigate Baroda branch. MICR code for Panigate Baroda 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 Central Bank Of India Panigate Baroda is presented in the table alongside.

Use of Central Bank Of India MICR code for Panigate Baroda branch in vadodara

The MICR code 390016002 is used in RBI cheque clearing process to identify the branch Panigate Baroda and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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