Bank Of Baroda Thiruvananthapuram Thiruvananthapuram Kerala MICR CODE

Find MICR Codes for Bank Of Baroda Thiruvananthapuram Thiruvananthapuram Kerala

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palayam Branch
Contact 0471-2320254,2325923
Bank Details Bank Of Baroda Palayam Branch BARB0PALAYA
Location Thiruvananthapuram, Thiruvananthapuram
City Thiruvananthapuram
District Thiruvananthapuram
State Kerala
Pincode 695033
Country IN
Address Palayam branch,pb 5404, p.o.vikas bhavan, trivandrum,trivandrum,695033
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 695012002 for Palayam 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 695012002 of Baroda Bank, Palayam Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Palayam Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Palayam 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 Palayam 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. 695012002 is the MICR code of BOB for Palayam Branch branch. MICR code for Palayam 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 Palayam Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Palayam Branch branch in thiruvananthapuram

The MICR code 695012002 is used in RBI cheque clearing process to identify the branch Palayam 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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