Bank Of Baroda Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Baroda Durg Durg Chhattisgarh

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Smriti Nagar Bhilai
Contact
Bank Details Bank Of Baroda Smriti Nagar Bhilai BARB0DBSMRI
Location Durg, Durg
City Durg
District Durg
State Chhattisgarh
Pincode 490020
Country IN
Address Junwani road near apolo hospsmriti nagar bhilai nagar durg chhattisgarh 490020
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 0 for Smriti Nagar Bhilai 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 0 of Baroda Bank, Smriti Nagar Bhilai branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Smriti Nagar Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Smriti Nagar Bhilai

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 Smriti Nagar Bhilai 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. 0 is the MICR code of BOB for Smriti Nagar Bhilai branch. MICR code for Smriti Nagar Bhilai 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 Smriti Nagar Bhilai is presented in the table alongside.

Use of Baroda Bank MICR code for Smriti Nagar Bhilai branch in durg

The MICR code 0 is used in RBI cheque clearing process to identify the branch Smriti Nagar Bhilai 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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