Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: 411014010
Bank: Bank Of Maharashtra
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Bajirao Road
Contact: Shri H D Dixit Shri A G Ghatnekar 24475520 24453341 24482999 Bom0001@mahabank.Co.In
Bank Details: Bank Of Maharashtra Bajirao Road MAHB0000001
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411002
Country: IN
Address: Janmangal, 1177, Budhwar Peth Pune 411 002
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 411014010 for Bajirao Road 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 411014010 of Maharashtra Bank, Bajirao Road branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Bajirao Road branch, makes the characters readable even if there are other marks and stamps on it.

A total of 116 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Bajirao Road

Bank Of Maharashtra MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra Bank MICR code for Bajirao Road 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. 411014010 is the MICR code of Mahabank for Bajirao Road branch. MICR code for Bajirao Road 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 Maharashtra Bank Bajirao Road is presented in the table alongside.

Use of Maharashtra Bank MICR code for Bajirao Road branch in pune

The MICR code 411014010 is used in RBI cheque clearing process to identify the branch Bajirao Road and Maharashtra 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 Mahabank is typically in either of these two font’s: E-138 and CMC-7.