Bank Of Maharashtra Akola Akola Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Akola Akola 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	Dabki Road Akola
Contact	0724-2434223
Bank Details	Bank Of Maharashtra Dabki Road Akola MAHB0001156

Location	Akola, Akola
City	Akola
District	Akola
State	Maharashtra
Pincode	444002
Country	IN
Address	Dabki road branch chhaya hospital building old city akola

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

A total of 5 branches of Bank Of Maharashtra are available with micr code -

>>Akola Shivaji College >>Dabki Road Akola >>Jatharpeth Akola >>Khadki (Budruk) >>M G Rd Akola

MICR code for Bank Of Maharashtra Dabki Road Akola

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 Dabki Road Akola 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 Dabki Road Akola branch. MICR code for Dabki Road Akola 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 Dabki Road Akola is presented in the table alongside.

Use of Maharashtra Bank MICR code for Dabki Road Akola branch in akola

The MICR code 0 is used in RBI cheque clearing process to identify the branch Dabki Road Akola 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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