Indian Bank Mormugao South Goa Goa MICR CODE

Find MICR Codes for Indian Bank Mormugao South Goa Goa

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MICR Code	403019007
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasco Da Gama
Contact	0832 2513325
Bank Details	Indian Bank Vasco Da Gama IDIB000V085

Location	Mormugao, South Goa
City	Mormugao
District	South Goa
State	Goa
Pincode	403802
Country	IN
Address	Damodar polyclinic building, behind damodar temple, vasco da gama, south goa, pin 2523325

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 403019007 for Vasco Da Gama 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 403019007 of Indian Bank, Vasco Da Gama branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Vasco Da Gama 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 -

>>Vasco Da Gama

MICR code for Indian Bank Vasco Da Gama

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 Vasco Da Gama 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. 403019007 is the MICR code of Indian Bank for Vasco Da Gama branch. MICR code for Vasco Da Gama 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 Vasco Da Gama is presented in the table alongside.

Use of Indian Bank MICR code for Vasco Da Gama branch in mormugao

The MICR code 403019007 is used in RBI cheque clearing process to identify the branch Vasco Da Gama 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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