Bank Of Baroda Jamnagar Jamnagar Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Jamnagar Jamnagar Gujarat

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kapad Bazar
Contact
Bank Details Bank Of Baroda Kapad Bazar BARB0DBKPAD
Location Jamnagar, Jamnagar
City Jamnagar
District Jamnagar
State Gujarat
Pincode 361001
Country IN
Address Ashapura road pb no61 kapad bazar, jamnagar -361001
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 0 for Kapad Bazar 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 0 of Baroda Bank, Kapad Bazar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Kapad Bazar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Kapad Bazar

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 Kapad Bazar 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. 0 is the MICR code of BOB for Kapad Bazar branch. MICR code for Kapad Bazar 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 Kapad Bazar is presented in the table alongside.

Use of Baroda Bank MICR code for Kapad Bazar branch in jamnagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Kapad Bazar 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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