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Bank Of Baroda Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Bangalore Bangalore Urban Karnataka

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Newbel Road Karnataka
Contact 080-23514381/82
Bank Details Bank Of Baroda Newbel Road Karnataka BARB0NEWBEL
Location Bangalore, Bangalore Urban
City Bangalore
District Bangalore Urban
State Karnataka
Pincode 560094
Country IN
Address Ground floor,no. 9 new bel roadkarnataka 560094
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 560012027 for Newbel Road Karnataka 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 560012027 of Baroda Bank, Newbel Road Karnataka branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Newbel Road Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Newbel Road Karnataka

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 Newbel Road Karnataka 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. 560012027 is the MICR code of BOB for Newbel Road Karnataka branch. MICR code for Newbel Road Karnataka 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 Newbel Road Karnataka is presented in the table alongside.

Use of Baroda Bank MICR code for Newbel Road Karnataka branch in bangalore

The MICR code 560012027 is used in RBI cheque clearing process to identify the branch Newbel Road Karnataka 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.