Bank Of Baroda Bhavnagar Bhavnagar Gujarat MICR CODE

Find MICR Codes for Bank Of Baroda Bhavnagar Bhavnagar Gujarat

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shastri Nagar Bhavnagar
Contact 0278-2423395
Bank Details Bank Of Baroda Shastri Nagar Bhavnagar BARB0SHASTR
Location Bhavnagar, Bhavnagar
City Bhavnagar
District Bhavnagar
State Gujarat
Pincode 364003
Country IN
Address Shastrinagar, bhavnagar gujarat 364003
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 364012003 for Shastri Nagar Bhavnagar 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 364012003 of Baroda Bank, Shastri Nagar Bhavnagar branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Shastri Nagar Bhavnagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Shastri Nagar Bhavnagar

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 Shastri Nagar Bhavnagar 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. 364012003 is the MICR code of BOB for Shastri Nagar Bhavnagar branch. MICR code for Shastri Nagar Bhavnagar 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 Shastri Nagar Bhavnagar is presented in the table alongside.

Use of Baroda Bank MICR code for Shastri Nagar Bhavnagar branch in bhavnagar

The MICR code 364012003 is used in RBI cheque clearing process to identify the branch Shastri Nagar Bhavnagar 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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