SBI Madgaon North Goa Goa MICR CODE

Find MICR Codes for SBI Madgaon North Goa Goa

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MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Santemol Raia Goa
Contact 0832-2776119 Ip - 108461
Bank Details State Bank Of India Santemol Raia Goa SBIN0006946
Location Madgaon, North Goa
City Madgaon
District North Goa
State Goa
Pincode 403726
Country IN
Address P.o. Raja selcette, goa phonda goa ,pin - 403726
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.

Search SBI MICR Codes in north goa

You can search through MICR Codes of Goa branches in madgaon of District north goa in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Santemol Raia Goa

How to find MICR codes for SBI in madgaon?

SBI madgaon MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From State Bank Of India MICR codes list for madgaon, one can further search by branch name specified in the table. You can find MICR codes for all SBI madgaon branches.

State Bank Of India MICR code in madgaon

SBI MICR code is a character recognition technology used by banks in the processing of cheques. State Bank Of India MICR code for madgaon branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for SBI Bank branches in madgaon, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does SBI Bank MICR code for madgaon branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a SBI madgaon branch, sprinted 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. Thus MICR code for State Bank Of India madgaon branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of SBI Bank MICR codes for madgaon branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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