Let Others Know
×
LinkedIn
Email
WhatsApp

Bank Of Baroda Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of Baroda Chandigarh Chandigarh Chandigarh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Phase Ii Industrial Area
Contact 1800223344
Bank Details Bank Of Baroda Phase Ii Industrial Area BARB0INDCHD
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160002
Country IN
Address Shop no-92,industrial area,phase-2,chandigarh – 160002.
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 0 for Phase Ii Industrial Area 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 0 of Baroda Bank, Phase Ii Industrial Area branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Phase Ii Industrial Area branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Phase Ii Industrial Area

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 Phase Ii Industrial Area 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. 0 is the MICR code of BOB for Phase Ii Industrial Area branch. MICR code for Phase Ii Industrial Area 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 Phase Ii Industrial Area is presented in the table alongside.

Use of Baroda Bank MICR code for Phase Ii Industrial Area branch in chandigarh

The MICR code 0 is used in RBI cheque clearing process to identify the branch Phase Ii Industrial Area 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.