Bank Of Maharashtra Anakapalli Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Anakapalli Visakhapatnam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	530014101
Bank	Bank Of Maharashtra
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Anakapalli
Contact	08924-222517
Bank Details	Bank Of Maharashtra Anakapalli MAHB0000524

Location	Anakapalli, Visakhapatnam
City	Anakapalli
District	Visakhapatnam
State	Andhra Pradesh
Pincode	531001
Country	IN
Address	4-2-2,gogula raju complex,anakapalle-531001

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 530014101 for Anakapalli 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 530014101 of Maharashtra Bank, Anakapalli branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Anakapalli branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Anakapalli

MICR code for Bank Of Maharashtra Anakapalli

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 Anakapalli 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. 530014101 is the MICR code of Mahabank for Anakapalli branch. MICR code for Anakapalli 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 Anakapalli is presented in the table alongside.

Use of Maharashtra Bank MICR code for Anakapalli branch in anakapalli

The MICR code 530014101 is used in RBI cheque clearing process to identify the branch Anakapalli 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.

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