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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 Sitlamata Branch
Contact 0731-2454173
Bank Details Bank Of Baroda Sitlamata Branch BARB0SITALA
Location Indore, Indore
City Indore
District Indore
State Madhya Pradesh
Pincode 452002
Country IN
Address Sitlamata branch,82/83 sitalamata bazar,indore,452002
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 452012002 for Sitlamata 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 452012002 of Baroda Bank, Sitlamata Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Sitlamata Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Sitlamata 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 Sitlamata 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. 452012002 is the MICR code of BOB for Sitlamata Branch branch. MICR code for Sitlamata 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 Sitlamata Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Sitlamata Branch branch in indore

The MICR code 452012002 is used in RBI cheque clearing process to identify the branch Sitlamata 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.