Canara Bank Bicholim North Goa Goa MICR CODE

Find MICR Codes for Canara Bank Bicholim North Goa Goa

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MICR Code	403015005
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Bicholim Goa
Contact	0832-2362113
Bank Details	Canara Bank Bicholim Goa CNRB0000333

Location	Bicholim, North Goa
City	Bicholim
District	North Goa
State	Goa
Pincode	403504
Country	IN
Address	Grace house,, bicholim 403504, goa.,

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 403015005 for Bicholim Goa 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 403015005 of Canara Bank, Bicholim Goa branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bicholim Goa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Canara Bank are available with micr code -

>>Bicholim Goa

MICR code for Canara Bank Bicholim Goa

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 Bicholim Goa 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. 403015005 is the MICR code of Canara Bank for Bicholim Goa branch. MICR code for Bicholim Goa 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 Bicholim Goa is presented in the table alongside.

Use of Canara Bank MICR code for Bicholim Goa branch in bicholim

The MICR code 403015005 is used in RBI cheque clearing process to identify the branch Bicholim Goa 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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