Bank Of Baroda Margao South Goa Goa MICR CODE

Find MICR Codes for Bank Of Baroda Margao South Goa Goa

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MICR Code
Bank Bank Of Baroda
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vascodagama Branch
Contact 08322513050, 2501510
Bank Details Bank Of Baroda Vascodagama Branch BARB0VASCOD
Location Margao, South Goa
City Margao
District South Goa
State Goa
Pincode 403802
Country IN
Address Vascodagama branch,p.b.no.144,swatantra path,vasco,vasco,403802
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 403012025 for Vascodagama 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 403012025 of Baroda Bank, Vascodagama Branch branch makes the system almost error free and faster. Use of Baroda Bank MICR codes for Vascodagama Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Baroda are available with micr code -

>>Gandhi Market Goa >>Madgaon Goa >>Margao Branch >>Vascodagama Branch

MICR code for Bank Of Baroda Vascodagama 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 Vascodagama 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. 403012025 is the MICR code of BOB for Vascodagama Branch branch. MICR code for Vascodagama 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 Vascodagama Branch is presented in the table alongside.

Use of Baroda Bank MICR code for Vascodagama Branch branch in margao

The MICR code 403012025 is used in RBI cheque clearing process to identify the branch Vascodagama 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.

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