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 Verna Indus Estate
Contact Ip 112226, 0832-2887087, 88
Bank Details State Bank Of India Verna Indus Estate SBIN0004338
Location Mumbai, South Goa
City Mumbai
District South Goa
State Goa
Pincode
Country IN
Address Sc1,41 by 42 electronic city,dt.south goa,goa
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 403002054 for Verna Indus Estate 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 403002054 of State Bank Of India, Verna Indus Estate branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Verna Indus Estate 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 Verna Indus Estate

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 Verna Indus Estate 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. 403002054 is the MICR code of SBI Bank for Verna Indus Estate branch. MICR code for Verna Indus Estate 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 Verna Indus Estate is presented in the table alongside.

Use of State Bank Of India MICR code for Verna Indus Estate branch in mumbai

The MICR code 403002054 is used in RBI cheque clearing process to identify the branch Verna Indus Estate 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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