Bank Of Maharashtra Belgaon Umred Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Belgaon Umred Nagpur Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Belgaon Umred
Contact 7116-242140
Bank Details Bank Of Maharashtra Belgaon Umred MAHB0000915
Location Belgaon Umred, Nagpur
City Belgaon Umred
District Nagpur
State Maharashtra
Pincode 441203
Country IN
Address Ramakunj,girad road,umred, 441203,dist: nagpur
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 Belgaon Umred 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, Belgaon Umred branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Belgaon Umred 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 -

>>Belgaon Umred

MICR code for Bank Of Maharashtra Belgaon Umred

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 Belgaon Umred 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 Belgaon Umred branch. MICR code for Belgaon Umred 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 Belgaon Umred is presented in the table alongside.

Use of Maharashtra Bank MICR code for Belgaon Umred branch in belgaon umred

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