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Bank Of Maharashtra Bidar Bidar Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Bidar Bidar Karnataka

Bank
State
District
City
Branch
Address

MICR Code	585014102
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	Bidar
Contact	08482 - 220225
Bank Details	Bank Of Maharashtra Bidar MAHB0001483

Location	Bidar, Bidar
City	Bidar
District	Bidar
State	Karnataka
Pincode	585401
Country	IN
Address	1st floor, mohan market complex, cmc no-9-1-78, near old bus stand, keb road, bidar-585401

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 585014102 for Bidar 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 585014102 of Maharashtra Bank, Bidar branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Bidar 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 -

>>Bidar

MICR code for Bank Of Maharashtra Bidar

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 Bidar 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. 585014102 is the MICR code of Mahabank for Bidar branch. MICR code for Bidar 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 Bidar is presented in the table alongside.

Use of Maharashtra Bank MICR code for Bidar branch in bidar

The MICR code 585014102 is used in RBI cheque clearing process to identify the branch Bidar 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.