Bank Of Baroda Raichur Raichur Karnataka MICR CODE

Find MICR Codes for Bank Of Baroda Raichur Raichur Karnataka

Bank
State
District
City
Branch
Address

MICR Code	584012002
Bank	Bank Of Baroda
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Raichur Karnataka
Contact	08532-226523
Bank Details	Bank Of Baroda Raichur Karnataka BARB0RAICHU

Location	Raichur, Raichur
City	Raichur
District	Raichur
State	Karnataka
Pincode	584101
Country	IN
Address	Grd flr, rastapur complex, no 11-07-1 to 11-07-7 brestwarpet city talkies road, raichur, karnataka 584 101

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 584012002 for Raichur 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 584012002 of Baroda Bank, Raichur Karnataka branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Raichur Karnataka branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Nijalingappa Nagar Raichur >>Raichur >>Raichur >>Raichur Karnataka

MICR code for Bank Of Baroda Raichur 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 Raichur 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. 584012002 is the MICR code of BOB for Raichur Karnataka branch. MICR code for Raichur 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 Raichur Karnataka is presented in the table alongside.

Use of Baroda Bank MICR code for Raichur Karnataka branch in raichur

The MICR code 584012002 is used in RBI cheque clearing process to identify the branch Raichur 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.

Copied!