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South Indian Bank Mormugao South Goa Goa MICR CODE

Find MICR Codes for South Indian Bank Mormugao South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	403059005
Bank	South Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasco Da Gama (Mormugao)
Contact	Thomas John, Ph : 022-22611209, 22658977
Bank Details	South Indian Bank Vasco Da Gama (Mormugao) SIBL0000633

Location	Mormugao, South Goa
City	Mormugao
District	South Goa
State	Goa
Pincode	403802
Country	IN
Address	Ground floor,melquides building,fr.joseph vaz road,south goa,goa-403802

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 403059005 for Vasco Da Gama (Mormugao) 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 403059005 of South Indian Bank, Vasco Da Gama (Mormugao) branch makes the system almost error free and faster. Use of South Indian Bank MICR codes for Vasco Da Gama (Mormugao) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of South Indian Bank are available with micr code -

>>Vasco Da Gama (Mormugao)

MICR code for South Indian Bank Vasco Da Gama (Mormugao)

South Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. South Indian Bank MICR code for Vasco Da Gama (Mormugao) 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. 403059005 is the MICR code of South Indian Bank for Vasco Da Gama (Mormugao) branch. MICR code for Vasco Da Gama (Mormugao) 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 South Indian Bank Vasco Da Gama (Mormugao) is presented in the table alongside.

Use of South Indian Bank MICR code for Vasco Da Gama (Mormugao) branch in mormugao

The MICR code 403059005 is used in RBI cheque clearing process to identify the branch Vasco Da Gama (Mormugao) and South Indian 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 South Indian Bank is typically in either of these two font’s: E-138 and CMC-7.