Bank Of Baroda Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Ratlam Ratlam Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	457012003
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	Chandni Chwk Branch
Contact	07412-408943
Bank Details	Bank Of Baroda Chandni Chwk Branch BARB0CHARAT

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	462011
Country	IN
Address	Chandni chwk branch,chandni chowk , ratlam,ratlam,462011

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 457012003 for Chandni Chwk 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 457012003 of Baroda Bank, Chandni Chwk Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Chandni Chwk Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Bank Of Baroda are available with micr code -

>>Chandni Chwk Branch >>Pritam Nagar >>Ratlam >>Ratlam >>Ratlam Branch

MICR code for Bank Of Baroda Chandni Chwk 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 Chandni Chwk 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. 457012003 is the MICR code of BOB for Chandni Chwk Branch branch. MICR code for Chandni Chwk 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 Chandni Chwk Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Chandni Chwk Branch branch in ratlam

The MICR code 457012003 is used in RBI cheque clearing process to identify the branch Chandni Chwk 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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