Bank Of Baroda naigaon t q haveli MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Baroda Bank MICR codes list for naigaon t q haveli, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Baroda naigaon t q haveli branches.
Bank Of Baroda MICR code is a character recognition technology used by banks in the processing of cheques. Baroda Bank MICR code for naigaon t q haveli branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for BOB branches in naigaon t q haveli, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.
In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Baroda naigaon t q haveli branch, sprinted 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. Thus MICR code for Baroda Bank naigaon t q haveli branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of BOB MICR codes for naigaon t q haveli branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!