Canara Bank North Goa Panaji Goa MICR CODE

Find MICR Codes for Canara Bank North Goa Panaji Goa

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MICR Code	403015059
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panaji Goa Ii
Contact	0
Bank Details	Canara Bank Panaji Goa Ii CNRB0017200

Location	North Goa, Panaji
City	North Goa
District	Panaji
State	Goa
Pincode	403001
Country	IN
Address	Hotel nova goa bldg dr atmaram borkar rd p b no 193 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 403015059 for Panaji Goa 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 403015059 of Canara Bank, Panaji Goa Ii branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Panaji Goa 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 Panaji Goa 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 Panaji Goa 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. 403015059 is the MICR code of Canara Bank for Panaji Goa Ii branch. MICR code for Panaji Goa 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 Panaji Goa Ii is presented in the table alongside.

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

The MICR code 403015059 is used in RBI cheque clearing process to identify the branch Panaji Goa 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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