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Bank Of Baroda Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of Baroda Chandigarh Chandigarh Chandigarh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dhs Extension Counter Chandigarh
Contact 0172-2667450
Bank Details Bank Of Baroda Dhs Extension Counter Chandigarh BARB0EXTSEC
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160022
Country IN
Address Dhs ec, chandigarh, 160022
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 160012012 for Dhs Extension Counter Chandigarh 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 160012012 of Baroda Bank, Dhs Extension Counter Chandigarh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Dhs Extension Counter Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Dhs Extension Counter Chandigarh

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 Dhs Extension Counter Chandigarh 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. 160012012 is the MICR code of BOB for Dhs Extension Counter Chandigarh branch. MICR code for Dhs Extension Counter Chandigarh 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 Dhs Extension Counter Chandigarh is presented in the table alongside.

Use of Baroda Bank MICR code for Dhs Extension Counter Chandigarh branch in chandigarh

The MICR code 160012012 is used in RBI cheque clearing process to identify the branch Dhs Extension Counter Chandigarh 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.