Bank Of Maharashtra Jalgaon Jalgaon Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Jalgaon Jalgaon Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: -NA-
Bank: Bank Of Maharashtra
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Jalgaon City
Contact: Mr.Sawakre M E
Bank Details: Bank Of Maharashtra Jalgaon City MAHB0000004
Location: Jalgaon, Jalgaon
City: Jalgaon
District: Jalgaon
State: Maharashtra
Pincode:
Country: IN
Address: Shah Arcade, 1st Floor Front Of Natwar Talkies , Navi Peth
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 Jalgaon City 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 Maharashtra Bank, Jalgaon City branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Jalgaon City branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Jalgaon City

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 Jalgaon City 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 Mahabank for Jalgaon City branch. MICR code for Jalgaon City 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 Jalgaon City is presented in the table alongside.

Use of Maharashtra Bank MICR code for Jalgaon City branch in jalgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Jalgaon City 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.