Bank Of Baroda Bareilly Bareilly Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Bareilly Bareilly Uttar Pradesh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bareilly Branch
Contact 0581-2557474,2556713
Bank Details Bank Of Baroda Bareilly Branch BARB0BAREIL
Location Bareilly, Bareilly
City Bareilly
District Bareilly
State Uttar Pradesh
Pincode 243001
Country IN
Address Bareilly branch,89c,civil lines,bareilly,243001
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 243012002 for Bareilly 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 243012002 of Baroda Bank, Bareilly Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Bareilly Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Bareilly 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 Bareilly 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. 243012002 is the MICR code of BOB for Bareilly Branch branch. MICR code for Bareilly 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 Bareilly Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Bareilly Branch branch in bareilly

The MICR code 243012002 is used in RBI cheque clearing process to identify the branch Bareilly 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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