Bank Of Baroda Amritsar Amritsar Punjab MICR CODE

Find MICR Codes for Bank Of Baroda Amritsar Amritsar Punjab

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ranjeet Avenue Amritsar
Contact
Bank Details Bank Of Baroda Ranjeet Avenue Amritsar BARB0VJRANJ
Location Amritsar, Amritsar
City Amritsar
District Amritsar
State Punjab
Pincode 143001
Country IN
Address Sco46, district shopping complex , ranjit avenue , amritsar , amritsar , 143001
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 Ranjeet Avenue Amritsar 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, Ranjeet Avenue Amritsar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ranjeet Avenue Amritsar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Ranjeet Avenue Amritsar

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 Ranjeet Avenue Amritsar 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 Ranjeet Avenue Amritsar branch. MICR code for Ranjeet Avenue Amritsar 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 Ranjeet Avenue Amritsar is presented in the table alongside.

Use of Baroda Bank MICR code for Ranjeet Avenue Amritsar branch in amritsar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ranjeet Avenue Amritsar 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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