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Bank Of Maharashtra Delhi New Delhi New Delhi MICR CODE

Find MICR Codes for Bank Of Maharashtra Delhi New Delhi New Delhi

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Connaught Place
Contact Mr. V K Sharma (Cm) Shri R P Mathur 23321444 23322078 23321754 Mahb_Del01@mahabank.Co.In
Bank Details Bank Of Maharashtra Connaught Place MAHB0000343
Location Delhi, New Delhi
City Delhi
District New Delhi
State New Delhi
Pincode 110001
Country IN
Address Maharashtra bank bldg. B-29, connaught place new delhi 110 001
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 110014003 for Connaught Place 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 110014003 of Maharashtra Bank, Connaught Place branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Connaught Place branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Connaught Place

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 Connaught Place 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. 110014003 is the MICR code of Mahabank for Connaught Place branch. MICR code for Connaught Place 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 Connaught Place is presented in the table alongside.

Use of Maharashtra Bank MICR code for Connaught Place branch in delhi

The MICR code 110014003 is used in RBI cheque clearing process to identify the branch Connaught Place 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.