Bank Of Maharashtra Korba Korba Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Maharashtra Korba Korba Chhattisgarh

Bank
State
District
City
Branch
Address

MICR Code	49501402
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	Korba
Contact	7489080813
Bank Details	Bank Of Maharashtra Korba MAHB0001695

Location	Korba, Korba
City	Korba
District	Korba
State	Chhattisgarh
Pincode	495677
Country	IN
Address	Plot no. 784, main road, shubhash chowk, kosabari, korba, chhattisgarh – 495677

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 49501402 for Korba 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 49501402 of Maharashtra Bank, Korba branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Korba 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 -

>>Korba

MICR code for Bank Of Maharashtra Korba

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 Korba 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. 49501402 is the MICR code of Mahabank for Korba branch. MICR code for Korba 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 Korba is presented in the table alongside.

Use of Maharashtra Bank MICR code for Korba branch in korba

The MICR code 49501402 is used in RBI cheque clearing process to identify the branch Korba 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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