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Bank Of Baroda Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Indore Indore Madhya Pradesh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nipanya Br. Indore M.P.
Contact 09425032328, Mr Dileep Agarwal
Bank Details Bank Of Baroda Nipanya Br. Indore M.P. BARB0NIPANY
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452016
Country IN
Address Main road, nipanya, indore,madhya pradesh - 452 016.
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 452012014 for Nipanya Br. Indore M.P. 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 452012014 of Baroda Bank, Nipanya Br. Indore M.P. branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Nipanya Br. Indore M.P. branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Nipanya Br. Indore M.P.

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 Nipanya Br. Indore M.P. 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. 452012014 is the MICR code of BOB for Nipanya Br. Indore M.P. branch. MICR code for Nipanya Br. Indore M.P. 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 Nipanya Br. Indore M.P. is presented in the table alongside.

Use of Baroda Bank MICR code for Nipanya Br. Indore M.P. branch in indore

The MICR code 452012014 is used in RBI cheque clearing process to identify the branch Nipanya Br. Indore M.P. 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.