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RBI Panaji Panaji Goa MICR CODE

Find MICR Codes for RBI Panaji Panaji Goa

MICR Code
Bank Reserve Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panaji
Contact
Bank Details Reserve Bank Of India Panaji RBIS0PJPA01
Location Panaji, Panaji
City Panaji
District Panaji
State Goa
Pincode 403001
Country IN
Address Geras imperium ii 7th floor 70706 patto panaji goa 403001
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.

Search RBI MICR Codes in panaji

You can search through MICR Codes of Goa branches in panaji of District panaji in Goa State by using the search box or you can browse through the table using the conrols at the bottom.

Reserve Bank Of India branches with micr codes are available in 1 cities-

>>Panaji

How to find MICR codes for RBI in panaji?

RBI panaji MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Reserve Bank Of India MICR codes list for panaji, one can further search by branch name specified in the table. You can find MICR codes for all RBI panaji branches.

Reserve Bank Of India MICR code in panaji

RBI MICR code is a character recognition technology used by banks in the processing of cheques. Reserve Bank Of India MICR code for panaji branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for RBI Bank branches in panaji, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does RBI Bank MICR code for panaji branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a RBI panaji branch, sprinted 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. Thus MICR code for Reserve Bank Of India panaji branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of RBI Bank MICR codes for panaji branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!