Bank of Baroda Damakheda (BOB)
Damakheda · Balodabazar, Chhattisgarh
493012523 is the MICR code for the Damakheda branch of Bank of Baroda, located in Balodabazar, Chhattisgarh. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code BARB0DBDAMA.
Bank
Bank of Baroda
Branch & Address
Damakheda
At Post Damakhedasimga Tehsil Damak Balodabazar Chhattisgarh 493101
Balodabazar, Balodabazar, Chhattisgarh
Contact
+910221800223344MICR Code Structure
493
City
012
Bank
523
Branch
City code 493 identifies the RBI clearing centre, bank code 012 identifies Bank of Baroda, and branch code 523 identifies this specific branch.
Online Payment Methods Supported
Other Bank of Baroda (BOB) branches near Balodabazar
Other banks in Balodabazar, Chhattisgarh
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (BARB0DBDAMA) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 493012523 is in the middle, and your account number is on the right.