Fedral Bank South Goa Margao Goa MICR CODE

Find MICR Codes for Fedral Bank South Goa Margao Goa

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MICR Code	-NA-
Bank	Federal Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	State Sol Goa
Contact	0
Bank Details	Federal Bank Ltd State Sol Goa FDRL0000806

Location	South Goa, Margao
City	South Goa
District	Margao
State	Goa
Pincode	403601
Country	IN
Address	First floor, br margao, opp margao garden, south 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 0 for State Sol 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 Federal Bank, State Sol Goa branch makes the system almost error free and faster. Use of Federal Bank MICR codes for State Sol Goa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Federal Bank Ltd are available with micr code -

>>State Sol Goa

MICR code for Fedral Bank State Sol Goa

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

Use of Federal Bank MICR code for State Sol Goa branch in south goa

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

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