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Bank Of Baroda Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Baroda Indore Indore Madhya Pradesh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ravi Shankar Branch
Contact 0731-2544337
Bank Details Bank Of Baroda Ravi Shankar Branch BARB0HIGMIG
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452008
Country IN
Address C-18, hig colony, r s s nagar, indore 452 008, m p
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 452012009 for Ravi Shankar 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 452012009 of Baroda Bank, Ravi Shankar Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Ravi Shankar Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Ravi Shankar 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 Ravi Shankar 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. 452012009 is the MICR code of BOB for Ravi Shankar Branch branch. MICR code for Ravi Shankar 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 Ravi Shankar Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Ravi Shankar Branch branch in indore

The MICR code 452012009 is used in RBI cheque clearing process to identify the branch Ravi Shankar 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.