Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Hyderabad Hyderabad Urban Andhra Pradesh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malkajgiri Andhra Pradesh
Contact 040-27064451/52
Bank Details Bank Of Baroda Malkajgiri Andhra Pradesh BARB0MALKAJ
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500047
Country IN
Address G4 & g5 sri srinivasa classic, h.no.5-24/1, geethanagar colony, malkajgiri,hyderabad -500 047.
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 500012024 for Malkajgiri Andhra Pradesh 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 500012024 of Baroda Bank, Malkajgiri Andhra Pradesh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Malkajgiri Andhra Pradesh branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Malkajgiri Andhra Pradesh

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 Malkajgiri Andhra Pradesh 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. 500012024 is the MICR code of BOB for Malkajgiri Andhra Pradesh branch. MICR code for Malkajgiri Andhra Pradesh 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 Malkajgiri Andhra Pradesh is presented in the table alongside.

Use of Baroda Bank MICR code for Malkajgiri Andhra Pradesh branch in hyderabad

The MICR code 500012024 is used in RBI cheque clearing process to identify the branch Malkajgiri Andhra Pradesh 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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