Bank Of Baroda Jaipur Jaipur Rajasthan MICR CODE

Find MICR Codes for Bank Of Baroda Jaipur Jaipur Rajasthan

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nehru Place Branch
Contact 0141-2747196,2747198
Bank Details Bank Of Baroda Nehru Place Branch BARB0NEHJAI
Location Jaipur, Jaipur
City Jaipur
District Jaipur
State Rajasthan
Pincode 302015
Country IN
Address Nehru place branch,nehru palace tonk road jaipur,jaipur,302015
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 302012011 for Nehru Place 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 302012011 of Baroda Bank, Nehru Place Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Nehru Place Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Nehru Place 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 Nehru Place 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. 302012011 is the MICR code of BOB for Nehru Place Branch branch. MICR code for Nehru Place 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 Nehru Place Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Nehru Place Branch branch in jaipur

The MICR code 302012011 is used in RBI cheque clearing process to identify the branch Nehru Place 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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