Bank Of Baroda Korba Korba Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Korba Korba Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	495012302
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	Korba Branch
Contact	07759-225335
Bank Details	Bank Of Baroda Korba Branch BARB0KORBAX

Location	Korba, Korba
City	Korba
District	Korba
State	Chhattisgarh
Pincode	495677
Country	IN
Address	Korba branch,s s plaza power house road korba,korba,495677

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 495012302 for Korba 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 495012302 of Baroda Bank, Korba Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Korba Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Korba >>Korba >>Korba Branch >>Niharika Kosabadi

MICR code for Bank Of Baroda Korba 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 Korba 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. 495012302 is the MICR code of BOB for Korba Branch branch. MICR code for Korba 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 Korba Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Korba Branch branch in korba

The MICR code 495012302 is used in RBI cheque clearing process to identify the branch Korba 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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