Bank Of Baroda Ahmedabad Ahmadabad Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Ahmedabad Ahmadabad Gujarat

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Satellite Rd Branch
Contact 079-26763510
Bank Details Bank Of Baroda Satellite Rd Branch BARB0SATAHM
Location Ahmedabad, Ahmadabad
City Ahmedabad
District Ahmadabad
State Gujarat
Pincode 380015
Country IN
Address Satellite rd branch,silicon valley tower "b", 132, ring road, a'bad,ahmedabad,380015
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 380012054 for Satellite Rd 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 380012054 of Baroda Bank, Satellite Rd Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Satellite Rd Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Satellite Rd 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 Satellite Rd 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. 380012054 is the MICR code of BOB for Satellite Rd Branch branch. MICR code for Satellite Rd 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 Satellite Rd Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Satellite Rd Branch branch in ahmedabad

The MICR code 380012054 is used in RBI cheque clearing process to identify the branch Satellite Rd 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.

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