Bank Of Maharashtra Ane Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Ane Pune Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Ane
Contact	02132-275221
Bank Details	Bank Of Maharashtra Ane MAHB0000714

Location	Ane, Pune
City	Ane
District	Pune
State	Maharashtra
Pincode	412410
Country	IN
Address	Ramdasswami bhavan

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 Ane 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, Ane branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ane 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 -

>>Ane

MICR code for Bank Of Maharashtra Ane

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 Ane 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 Ane branch. MICR code for Ane 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 Ane is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ane branch in ane

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ane 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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