Canara Bank North Goa Panaji Goa MICR CODE

Find MICR Codes for Canara Bank North Goa Panaji Goa

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MICR Code	403015058
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Accounts Section Panaji Ii
Contact	0
Bank Details	Canara Bank Accounts Section Panaji Ii CNRB0017225

Location	North Goa, Panaji
City	North Goa
District	Panaji
State	Goa
Pincode	403001
Country	IN
Address	Indira aptm caetano albuquerque road panaji goa 403 001

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 403015058 for Accounts Section Panaji Ii 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 403015058 of Canara Bank, Accounts Section Panaji Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Accounts Section Panaji Ii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Canara Bank are available with micr code -

>>Accounts Section Panaji Ii >>Msme Sulabh Panaji >>Panaji Goa Ii

MICR code for Canara Bank Accounts Section Panaji Ii

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Accounts Section Panaji Ii 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. 403015058 is the MICR code of Canara Bank for Accounts Section Panaji Ii branch. MICR code for Accounts Section Panaji Ii 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 Canara Bank Accounts Section Panaji Ii is presented in the table alongside.

Use of Canara Bank MICR code for Accounts Section Panaji Ii branch in north goa

The MICR code 403015058 is used in RBI cheque clearing process to identify the branch Accounts Section Panaji Ii and Canara 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 Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

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