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Bank Of Maharashtra Thane Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Thane Thane Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kausa Mumbra
Contact 022-25494635
Bank Details Bank Of Maharashtra Kausa Mumbra MAHB0001401
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400612
Country IN
Address Ground floor, mubarak baug,near virani petrol pump,old mumbai – pune road,kausa mumbra – 400612,
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 400014137 for Kausa Mumbra 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 400014137 of Maharashtra Bank, Kausa Mumbra branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Kausa Mumbra branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Kausa Mumbra

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 Kausa Mumbra 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. 400014137 is the MICR code of Mahabank for Kausa Mumbra branch. MICR code for Kausa Mumbra 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 Kausa Mumbra is presented in the table alongside.

Use of Maharashtra Bank MICR code for Kausa Mumbra branch in thane

The MICR code 400014137 is used in RBI cheque clearing process to identify the branch Kausa Mumbra 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.