Corporation Bank Ponda North Goa Goa MICR CODE

Find MICR Codes for Corporation Bank Ponda North Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Farmagudi Goa
Contact	0832-2335915
Bank Details	Corporation Bank Farmagudi Goa CORP0001328

Location	Ponda, North Goa
City	Ponda
District	North Goa
State	Goa
Pincode	403401
Country	IN
Address	Goa college of engineering, sc-04 & sc-10, new shopping complex, farmagudi, taluk ponda, dist : north goa - 403401

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 0 for Farmagudi 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 0 of Corp Bank, Farmagudi Goa branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Farmagudi Goa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Corporation Bank are available with micr code -

>>Farmagudi Goa >>Kundaim >>Ponda >>Ramnathi Temple Ponda

MICR code for Corporation Bank Farmagudi Goa

Corporation Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Corp Bank MICR code for Farmagudi 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. 0 is the MICR code of Corporation Bank for Farmagudi Goa branch. MICR code for Farmagudi 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 Corp Bank Farmagudi Goa is presented in the table alongside.

Use of Corp Bank MICR code for Farmagudi Goa branch in ponda

The MICR code 0 is used in RBI cheque clearing process to identify the branch Farmagudi Goa and Corp 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 Corporation Bank is typically in either of these two font’s: E-138 and CMC-7.

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