Canara Bank North Goa Bicholim Goa MICR CODE

Find MICR Codes for Canara Bank North Goa Bicholim Goa

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MICR Code	403015078
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 Ii
Contact	0
Bank Details	Canara Bank Bicholim Ii CNRB0017231

Location	North Goa, Bicholim
City	North Goa
District	Bicholim
State	Goa
Pincode	403504
Country	IN
Address	H no 78 opp bank of baroda vasumati niwas bicholim goa 403504

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 403015078 for Bicholim 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 403015078 of Canara Bank, Bicholim Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Bicholim Ii 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 Ii

MICR code for Canara Bank Bicholim 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 Bicholim 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. 403015078 is the MICR code of Canara Bank for Bicholim Ii branch. MICR code for Bicholim 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 Bicholim Ii is presented in the table alongside.

Use of Canara Bank MICR code for Bicholim Ii branch in north goa

The MICR code 403015078 is used in RBI cheque clearing process to identify the branch Bicholim 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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