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Bank Of Baroda Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of Baroda Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160012001
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	Sector B Branch
Contact	0172-2704583
Bank Details	Bank Of Baroda Sector B Branch BARB0SECTOB

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160017
Country	IN
Address	17-b,chandig branch,bank square, sector 17-b, chandigarh,chandigarh,160017

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 160012001 for Sector B 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 160012001 of Baroda Bank, Sector B Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Sector B Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Bank Of Baroda are available with micr code -

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MICR code for Bank Of Baroda Sector B 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 Sector B 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. 160012001 is the MICR code of BOB for Sector B Branch branch. MICR code for Sector B 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 Sector B Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Sector B Branch branch in chandigarh

The MICR code 160012001 is used in RBI cheque clearing process to identify the branch Sector B 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.