Canara Bank North Goa Goa Goa MICR CODE

Find MICR Codes for Canara Bank North Goa Goa Goa

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MICR Code	403015061
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Goa Caranzalem Palolem
Contact	0
Bank Details	Canara Bank Goa Caranzalem Palolem CNRB0017209

Location	North Goa, Goa
City	North Goa
District	Goa
State	Goa
Pincode	403002
Country	IN
Address	Near kerant chapel caranzalem goa north goa goa 403 002

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 403015061 for Goa Caranzalem Palolem 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 403015061 of Canara Bank, Goa Caranzalem Palolem branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Goa Caranzalem Palolem 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 -

>>Goa Caranzalem Palolem >>Goa Merces >>Goa Ribander

MICR code for Canara Bank Goa Caranzalem Palolem

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 Goa Caranzalem Palolem 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. 403015061 is the MICR code of Canara Bank for Goa Caranzalem Palolem branch. MICR code for Goa Caranzalem Palolem 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 Goa Caranzalem Palolem is presented in the table alongside.

Use of Canara Bank MICR code for Goa Caranzalem Palolem branch in north goa

The MICR code 403015061 is used in RBI cheque clearing process to identify the branch Goa Caranzalem Palolem 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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