Canara Bank Ponda North Goa Goa MICR CODE

Find MICR Codes for Canara Bank Ponda North Goa Goa

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MICR Code	403015015
Bank	Canara Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ponda Goa
Contact	0832-2313023
Bank Details	Canara Bank Ponda Goa CNRB0001164

Location	Ponda, North Goa
City	Ponda
District	North Goa
State	Goa
Pincode	403401
Country	IN
Address	Farooqui mansion,, ponda belgaum road,, ponda 403401, 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 403015015 for Ponda 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 403015015 of Canara Bank, Ponda Goa branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ponda 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 -

>>Ponda Goa

MICR code for Canara Bank Ponda 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 Ponda 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. 403015015 is the MICR code of Canara Bank for Ponda Goa branch. MICR code for Ponda 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 Ponda Goa is presented in the table alongside.

Use of Canara Bank MICR code for Ponda Goa branch in ponda

The MICR code 403015015 is used in RBI cheque clearing process to identify the branch Ponda 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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