Bank Of Baroda Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Raipur Raipur Chhattisgarh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur Industrial Estate
Contact
Bank Details Bank Of Baroda Raipur Industrial Estate BARB0DBBPUR
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 493221
Country IN
Address Industrial estate branch near balaji petrol pump bilaspur rd bhanpuri 493221
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 Raipur Industrial Estate 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, Raipur Industrial Estate branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Raipur Industrial Estate branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Raipur Industrial Estate

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 Raipur Industrial Estate 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 Raipur Industrial Estate branch. MICR code for Raipur Industrial Estate 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 Raipur Industrial Estate is presented in the table alongside.

Use of Baroda Bank MICR code for Raipur Industrial Estate branch in raipur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Raipur Industrial Estate 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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