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RBI Panaji Panaji Goa MICR CODE

Find MICR Codes for RBI Panaji Panaji Goa

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Reserve Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
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.

How does MICR code 0 for Panaji 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 Reserve Bank Of India, Panaji branch makes the system almost error free and faster. Use of Reserve Bank Of India MICR codes for Panaji branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Reserve Bank Of India are available with micr code -

>>Panaji

MICR code for RBI Panaji

RBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Reserve Bank Of India MICR code for Panaji 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 RBI Bank for Panaji branch. MICR code for Panaji 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 Reserve Bank Of India Panaji is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Panaji branch in panaji

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