SBI Goa South Goa Goa MICR CODE

Find MICR Codes for SBI Goa South Goa Goa

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MICR Code	403002023
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Adb Margao
Contact	Ip:112420 t:0832-2714882,2714883
Bank Details	State Bank Of India Adb Margao SBIN0003022

Location	Goa, South Goa
City	Goa
District	South Goa
State	Goa
Pincode	403601
Country	IN
Address	Laxmi mahal , 1st floor, opp. Rajendra prasad stad, margao, goa pin 403 601

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 403002023 for Adb Margao 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 403002023 of State Bank Of India, Adb Margao branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Adb Margao branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of State Bank Of India are available with micr code -

>>Adb Margao >>Cansaulim >>Mormugao Port Trust >>Sancoale >>Sanvordem Curchorem (Goa)

MICR code for SBI Adb Margao

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Adb Margao 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. 403002023 is the MICR code of SBI Bank for Adb Margao branch. MICR code for Adb Margao 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 State Bank Of India Adb Margao is presented in the table alongside.

Use of State Bank Of India MICR code for Adb Margao branch in goa

The MICR code 403002023 is used in RBI cheque clearing process to identify the branch Adb Margao and State 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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