SBI Colva South Goa Goa MICR CODE

Find MICR Codes for SBI Colva South Goa Goa

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MICR Code	403002063
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	Colva
Contact	121273
Bank Details	State Bank Of India Colva SBIN0011453

Location	Colva, South Goa
City	Colva
District	South Goa
State	Goa
Pincode	403708
Country	IN
Address	H no 318 by 1 near colva circle4th ward,colva salcettegoa 403708

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 403002063 for Colva 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 403002063 of State Bank Of India, Colva branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Colva branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of State Bank Of India are available with micr code -

>>Colva

MICR code for SBI Colva

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 Colva 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. 403002063 is the MICR code of SBI Bank for Colva branch. MICR code for Colva 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 Colva is presented in the table alongside.

Use of State Bank Of India MICR code for Colva branch in colva

The MICR code 403002063 is used in RBI cheque clearing process to identify the branch Colva 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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