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Bank Of Maharashtra Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Bank Of Maharashtra Ahmedabad Ahmedabad Gujarat

Bank
State
District
City
Branch
Address

MICR Code	380014024
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	Asset Recovery
Contact	25500876
Bank Details	Bank Of Maharashtra Asset Recovery MAHB0001936

Location	Ahmedabad, Ahmedabad
City	Ahmedabad
District	Ahmedabad
State	Gujarat
Pincode	380001
Country	IN
Address	Mavlankar haweli,vasant chowk,bhadra,ahmedabad-380001

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 380014024 for Asset Recovery 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 380014024 of Maharashtra Bank, Asset Recovery branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Asset Recovery branch, makes the characters readable even if there are other marks and stamps on it.

A total of 21 branches of Bank Of Maharashtra are available with micr code -

>>Ambavadi Ahmedabad >>Ashram Road Ahmedabad >>Asset Recovery >>Atwalines Surat >>Bhadra Ahmedabad >>Hathijan >>Housing Finance Branch Ahmedabad >>Keshavnagar Ahmedabad >>Maninagar Ahmedabad >>Naranpura >>Narol >>Navrangpura Ahmedabad >>Nikol >>Relief Road Ahmedabad >>Sanand >>Satellite >>Service Branch Ahmedabad >>Sg Highway >>South Bopal >>Vastral >>Vastrapur

MICR code for Bank Of Maharashtra Asset Recovery

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 Asset Recovery 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. 380014024 is the MICR code of Mahabank for Asset Recovery branch. MICR code for Asset Recovery 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 Asset Recovery is presented in the table alongside.

Use of Maharashtra Bank MICR code for Asset Recovery branch in ahmedabad

The MICR code 380014024 is used in RBI cheque clearing process to identify the branch Asset Recovery 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.