MICR Code Bank
Find MICR code for Bank Of Baroda branches in India for NEFT and RTGS transfer

Bank Of Baroda MICR CODE

Find MICR Codes for Bank Of Baroda

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  1. Bank Of Baroda »
  2. Andhra Pradesh »
  3. hyderabad urban »
  4. hyderabad »
  5. barkatpur hyderabad

Find MICR Codes for Bank Of Baroda

MICR Code: 500012003
Bank: Bank Of Baroda
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Barkatpur Hyderabad
Contact: 040-27564683
Bank Details: Bank Of Baroda Barkatpur Hyderabad BARB0BARKAT
Location: Hyderabad, Hyderabad Urban
City: Hyderabad
District: Hyderabad Urban
State: Andhra Pradesh
Pincode: 500027
Country: IN
Address: 3-4-490/b,rbvr reddy college road, barkatpura,

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

MICR code for Bank Of Baroda

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 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. is the MICR code of BOB for branch. MICR code for 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 is presented in the table alongside.

Use of Baroda Bank MICR code for branch in hyderabad

The MICR code is used in RBI cheque clearing process to identify the 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.