AU Bank Goa Panjim Goa MICR CODE

Find MICR Codes for AU Bank Goa Panjim Goa

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MICR Code	-NA-
Bank	AU Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panjim
Contact	0
Bank Details	AU Small Finance Bank Limited Panjim AUBL0002610

Location	Goa, Panjim
City	Goa
District	Panjim
State	Goa
Pincode	403001
Country	IN
Address	Ground floor,shop no 2,3,joao deus memorial hall building,halio,rua heliodoro,salgado,near bandhan bank,panjim,goa -403001

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 Panjim 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 AU Small Finance Bank, Panjim branch makes the system almost error free and faster. Use of AU Small Finance Bank MICR codes for Panjim branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of AU Small Finance Bank Limited are available with micr code -

>>Panjim

MICR code for AU Bank Panjim

AU Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. AU Small Finance Bank MICR code for Panjim 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 AU Finance Bank for Panjim branch. MICR code for Panjim 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 AU Small Finance Bank Panjim is presented in the table alongside.

Use of AU Small Finance Bank MICR code for Panjim branch in goa

The MICR code 0 is used in RBI cheque clearing process to identify the branch Panjim and AU Small Finance 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 AU Finance Bank is typically in either of these two font’s: E-138 and CMC-7.

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