SBI Panaji North Goa Goa MICR CODE

Find MICR Codes for SBI Panaji North Goa Goa

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MICR Code	403002004
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	Dona Paula Panaji
Contact	0832-2452868 2453588 ip:108401
Bank Details	State Bank Of India Dona Paula Panaji SBIN0003566

Location	Panaji, North Goa
City	Panaji
District	North Goa
State	Goa
Pincode	403004
Country	IN
Address	Nio campusdona paulagoa ,pin-403004

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 403002004 for Dona Paula Panaji 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 403002004 of State Bank Of India, Dona Paula Panaji branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Dona Paula Panaji branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of State Bank Of India are available with micr code -

>>Ccpc Panaji >>Commercial Branch Panaji >>Dac Rajkot >>Dona Paula Panaji >>Nri Branch Panaji >>Panaji >>Panaji City Branch >>Panaji Goa >>Panaji Secretariat >>Rbo 1 Panaji >>Rbo 2 Panaji >>Sbiintouch M.G. Road Panaji >>Vidhan Bhawan Panaji >>Zonal Office Panaji

MICR code for SBI Dona Paula Panaji

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 Dona Paula Panaji 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. 403002004 is the MICR code of SBI Bank for Dona Paula Panaji branch. MICR code for Dona Paula Panaji 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 Dona Paula Panaji is presented in the table alongside.

Use of State Bank Of India MICR code for Dona Paula Panaji branch in panaji

The MICR code 403002004 is used in RBI cheque clearing process to identify the branch Dona Paula Panaji 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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