Vijaya Bank Old Goa North Goa Goa MICR CODE

Find MICR Codes for Vijaya Bank Old Goa North Goa Goa

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MICR Code
Bank Vijaya Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vasco Goa
Contact
Bank Details Vijaya Bank Vasco Goa VIJB0006025
Location Old Goa, North Goa
City Old Goa
District North Goa
State Goa
Pincode 403802
Country IN
Address P b no 207, citadel hotel bldg, pe jose vaz road, vasco,goa, 403802
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 403029006 for Vasco Goa 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 403029006 of Vijaya Bank, Vasco Goa branch makes the system almost error free and faster. Use of Vijaya Bank MICR codes for Vasco Goa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Vijaya Bank are available with micr code -

>>Dabolim Air Port Extension Counter Goa >>Vasco Goa

MICR code for Vijaya Bank Vasco Goa

Vijaya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Vijaya Bank MICR code for Vasco Goa 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. 403029006 is the MICR code of Vijaya Bank for Vasco Goa branch. MICR code for Vasco Goa 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 Vijaya Bank Vasco Goa is presented in the table alongside.

Use of Vijaya Bank MICR code for Vasco Goa branch in old goa

The MICR code 403029006 is used in RBI cheque clearing process to identify the branch Vasco Goa and Vijaya Bank 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 Vijaya Bank is typically in either of these two font’s: E-138 and CMC-7.

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