Central Bank Panaji North Goa Goa MICR CODE

Find MICR Codes for Central Bank Panaji North Goa Goa

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MICR Code	403016002
Bank	Central Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panaji ( Goa)
Contact
Bank Details	Central Bank Of India Panaji ( Goa) CBIN0280713

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403006
Country	IN
Address	Nizari bhavan, 1st floor, near cine national, menezes braganza road, panaji, 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 403016002 for Panaji ( 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 403016002 of Central Bank Of India, Panaji ( Goa) branch makes the system almost error free and faster. Use of Central Bank Of India MICR codes for Panaji ( Goa) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Central Bank Of India are available with micr code -

>>Panaji ( Goa) >>Panaji Regional Office >>Taleigao

MICR code for Central Bank Panaji ( Goa)

Central Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Central Bank Of India MICR code for Panaji ( 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. 403016002 is the MICR code of Central Bank India for Panaji ( Goa) branch. MICR code for Panaji ( 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 Central Bank Of India Panaji ( Goa) is presented in the table alongside.

Use of Central Bank Of India MICR code for Panaji ( Goa) branch in panaji

The MICR code 403016002 is used in RBI cheque clearing process to identify the branch Panaji ( Goa) and Central Bank Of India 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 Central Bank India is typically in either of these two font’s: E-138 and CMC-7.

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