MICR Code Bank
Find MICR code for JK Bank branches in India for NEFT and RTGS transfer

JK Bank MICR CODE

Find MICR Codes for JK Bank

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  1. Jammu And Kashmir Bank Ltd »
  2. Goa »
  3. north goa »
  4. panaji »
  5. panaji

Find MICR Codes for JK Bank

MICR Code: 403051002
Bank: Jammu And Kashmir Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Panaji
Contact: 832-2491083
Bank Details: Jammu And Kashmir Bank Ltd Panaji JAKA0PANAJI
Location: Panaji, North Goa
City: Panaji
District: North Goa
State: Goa
Pincode: 403001
Country: IN
Address: Opp hotel nova goa,dr. A. B. Road, atmaram commercial complex, panaji goa-403001.

How does MICR code for 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 of Jammu Bank, branch makes the system almost error free and faster. Use of Jammu Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Jammu And Kashmir Bank Ltd are available with micr code

>>Panaji

MICR code for JK Bank

JK Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Jammu Bank MICR code for 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. is the MICR code of Jammu And Bashmir Bank for branch. MICR code for 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 Jammu Bank is presented in the table alongside.

Use of Jammu Bank MICR code for branch in panaji

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