Bank Of Baroda Mumbai Greater Bombay Maharashtra MICR CODE

Find MICR Codes for Bank Of Baroda Mumbai Greater Bombay Maharashtra

MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vakola Santacruz (East)
Contact
Bank Details Bank Of Baroda Vakola Santacruz (East) BARB0MCVAKO
Location Mumbai, Greater Bombay
City Mumbai
District Greater Bombay
State Maharashtra
Pincode 400059
Country IN
Address Shree kailash c h s l, nehru road, vakola, santacruz (east), mumbai
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 400012160 for Vakola Santacruz (East) 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 400012160 of Baroda Bank, Vakola Santacruz (East) branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Vakola Santacruz (East) branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Baroda Vakola Santacruz (East)

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 Vakola Santacruz (East) 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. 400012160 is the MICR code of BOB for Vakola Santacruz (East) branch. MICR code for Vakola Santacruz (East) 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 Vakola Santacruz (East) is presented in the table alongside.

Use of Baroda Bank MICR code for Vakola Santacruz (East) branch in mumbai

The MICR code 400012160 is used in RBI cheque clearing process to identify the branch Vakola Santacruz (East) 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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