Indian Bank Cuncolim South Goa Goa MICR CODE

Find MICR Codes for Indian Bank Cuncolim South Goa Goa

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MICR Code	403019008
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Cuncolim
Contact	7875921550
Bank Details	Indian Bank Cuncolim IDIB000C146

Location	Cuncolim, South Goa
City	Cuncolim
District	South Goa
State	Goa
Pincode	403703
Country	IN
Address	10/67/l9 near church cuncolim market cuncolim salcete goa-403703

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 403019008 for Cuncolim 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 403019008 of Indian Bank, Cuncolim branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Cuncolim branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Cuncolim

MICR code for Indian Bank Cuncolim

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Cuncolim 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. 403019008 is the MICR code of Indian Bank for Cuncolim branch. MICR code for Cuncolim 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 Indian Bank Cuncolim is presented in the table alongside.

Use of Indian Bank MICR code for Cuncolim branch in cuncolim

The MICR code 403019008 is used in RBI cheque clearing process to identify the branch Cuncolim and Indian 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 Indian Bank is typically in either of these two font’s: E-138 and CMC-7.

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