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Bank Of Maharashtra Velhe Mahal Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Velhe Mahal Pune Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Velhe Mahal
Contact 02130-221224
Bank Details Bank Of Maharashtra Velhe Mahal MAHB0000210
Location Velhe Mahal, Pune
City Velhe Mahal
District Pune
State Maharashtra
Pincode 411001
Country IN
Address Dr.jadhav bldg,nnear st stand
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.

Search Bank Of Maharashtra MICR Codes in pune

You can search through MICR Codes of Maharashtra branches in velhe mahal of District pune in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of Bank Of Maharashtra are available with micr code -

>>Velhe Mahal

How to find MICR codes for Bank Of Maharashtra in velhe mahal?

Bank Of Maharashtra velhe mahal MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Maharashtra Bank MICR codes list for velhe mahal, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Maharashtra velhe mahal branches.

Maharashtra Bank MICR code in velhe mahal

Bank Of Maharashtra MICR code is a character recognition technology used by banks in the processing of cheques. Maharashtra Bank MICR code for velhe mahal branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Mahabank branches in velhe mahal, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Mahabank MICR code for velhe mahal branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Maharashtra velhe mahal branch, sprinted 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. Thus MICR code for Maharashtra Bank velhe mahal branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahabank MICR codes for velhe mahal branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!