IDFC North Goa Goa Goa MICR CODE

Find MICR Codes for IDFC North Goa Goa Goa

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Goamapusa Branch
Contact 0
Bank Details IDFC Bank Ltd Goamapusa Branch IDFB0042403
Location North Goa, Goa
City North Goa
District Goa
State Goa
Pincode 403507
Country IN
Address Ground floor, shop no. G4 and g5, fortune square, morod, north goa, mapusa, goa-403507, toll free no-18004194332
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 403751005 for Goamapusa Branch 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 403751005 of IDFC Bank, Goamapusa Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Goamapusa Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of IDFC Bank Ltd are available with micr code -

>>Goamapusa Branch

MICR code for IDFC Goamapusa Branch

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Goamapusa Branch 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. 403751005 is the MICR code of IDFC for Goamapusa Branch branch. MICR code for Goamapusa Branch 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 IDFC Bank Goamapusa Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Goamapusa Branch branch in north goa

The MICR code 403751005 is used in RBI cheque clearing process to identify the branch Goamapusa Branch and IDFC 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 IDFC is typically in either of these two font’s: E-138 and CMC-7.

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