SBI Mumbai South Goa Goa MICR CODE

Find MICR Codes for SBI Mumbai South 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 Pbb Margao
Contact 0832-2713947 ,2700458 Ip:108211
Bank Details State Bank Of India Pbb Margao SBIN0004167
Location Mumbai, South Goa
City Mumbai
District South Goa
State Goa
Pincode 403601
Country IN
Address Vikrant, malbhat,margao dist goa s 403601
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 403002046 for Pbb 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 403002046 of State Bank Of India, Pbb Margao branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Pbb Margao branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of State Bank Of India are available with micr code -

>>Pbb Margao >>Verna Indus Estate >>Zambaulim (Goa)

MICR code for SBI Pbb 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 Pbb 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. 403002046 is the MICR code of SBI Bank for Pbb Margao branch. MICR code for Pbb 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 Pbb Margao is presented in the table alongside.

Use of State Bank Of India MICR code for Pbb Margao branch in mumbai

The MICR code 403002046 is used in RBI cheque clearing process to identify the branch Pbb 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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