Bank Of Maharashtra Khanna Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of Maharashtra Khanna Ludhiana Punjab

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	Khanna
Contact	01628-236500
Bank Details	Bank Of Maharashtra Khanna MAHB0001289

Location	Khanna, Ludhiana
City	Khanna
District	Ludhiana
State	Punjab
Pincode	141401
Country	IN
Address	Scf-36 gtb market near pwd guest house khanna-141401 distt ludhiana punjab

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

>>Khanna

MICR code for Bank Of Maharashtra Khanna

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 Khanna 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 Khanna branch. MICR code for Khanna 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 Khanna is presented in the table alongside.

Use of Maharashtra Bank MICR code for Khanna branch in khanna

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