Bank Of Baroda Saraipali Mahasamund Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Saraipali Mahasamund Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	493012101
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	Saraipali Chhattisgarh
Contact	0771-4057595
Bank Details	Bank Of Baroda Saraipali Chhattisgarh BARB0SARAIP

Location	Saraipali, Mahasamund
City	Saraipali
District	Mahasamund
State	Chhattisgarh
Pincode	493558
Country	IN
Address	Opposite bus stand, main road, saraipali, dist-mahasamund, chattisgarh – 493558.

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 493012101 for Saraipali Chhattisgarh 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 493012101 of Baroda Bank, Saraipali Chhattisgarh branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Saraipali Chhattisgarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Baroda are available with micr code -

>>Saraipali Chhattisgarh

MICR code for Bank Of Baroda Saraipali Chhattisgarh

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 Saraipali Chhattisgarh 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. 493012101 is the MICR code of BOB for Saraipali Chhattisgarh branch. MICR code for Saraipali Chhattisgarh 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 Saraipali Chhattisgarh is presented in the table alongside.

Use of Baroda Bank MICR code for Saraipali Chhattisgarh branch in saraipali

The MICR code 493012101 is used in RBI cheque clearing process to identify the branch Saraipali Chhattisgarh 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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