Canara Bank Old Goa North Goa Goa MICR CODE

Find MICR Codes for Canara Bank Old Goa North Goa Goa

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MICR Code	403015014
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Old Goa
Contact	0832-2285326
Bank Details	Canara Bank Old Goa CNRB0000321

Location	Old Goa, North Goa
City	Old Goa
District	North Goa
State	Goa
Pincode	403402
Country	IN
Address	118/5, near gandhi statue,, ella,old goa 403 402,

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 403015014 for Old 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 403015014 of Canara Bank, Old Goa branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Old 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 -

>>Old Goa

MICR code for Canara Bank Old 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 Old 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. 403015014 is the MICR code of Canara Bank for Old Goa branch. MICR code for Old 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 Old Goa is presented in the table alongside.

Use of Canara Bank MICR code for Old Goa branch in old goa

The MICR code 403015014 is used in RBI cheque clearing process to identify the branch Old 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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