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Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mundhwa Pune
Contact 020-26870716
Bank Details Bank Of Maharashtra Mundhwa Pune MAHB0000135
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411036
Country IN
Address 59 mundhwa road pune 411036
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 411014029 for Mundhwa Pune 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 411014029 of Maharashtra Bank, Mundhwa Pune branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mundhwa Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 162 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Mundhwa Pune

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 Mundhwa Pune 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. 411014029 is the MICR code of Mahabank for Mundhwa Pune branch. MICR code for Mundhwa Pune 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 Mundhwa Pune is presented in the table alongside.

Use of Maharashtra Bank MICR code for Mundhwa Pune branch in pune

The MICR code 411014029 is used in RBI cheque clearing process to identify the branch Mundhwa Pune 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.