Bank Of Baroda Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for Bank Of Baroda Alwar Alwar Rajasthan

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Arawli Vihar Branch
Contact 0144-2700954
Bank Details Bank Of Baroda Arawli Vihar Branch BARB0ARAVIH
Location Alwar, Alwar
City Alwar
District Alwar
State Rajasthan
Pincode 301001
Country IN
Address Arawli vihar branch,aravali vihar, kala kuan,alwar,301001
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 301012003 for Arawli Vihar Branch 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 301012003 of Baroda Bank, Arawli Vihar Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Arawli Vihar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Arawli Vihar Branch

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 Arawli Vihar Branch 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. 301012003 is the MICR code of BOB for Arawli Vihar Branch branch. MICR code for Arawli Vihar Branch 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 Arawli Vihar Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Arawli Vihar Branch branch in alwar

The MICR code 301012003 is used in RBI cheque clearing process to identify the branch Arawli Vihar Branch 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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