Bank Of Maharashtra Lucknow Lucknow Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Lucknow Lucknow Uttar Pradesh

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mahanagar
Contact 91-7311182638
Bank Details Bank Of Maharashtra Mahanagar MAHB0002638
Location Lucknow, Lucknow
City Lucknow
District Lucknow
State Uttar Pradesh
Pincode 226006
Country IN
Address B-758, near wireless chauraha, mahanagar, lucknow, district-lucknow, uttar pradesh-226006
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 Mahanagar 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, Mahanagar branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mahanagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 10 branches of Bank Of Maharashtra are available with micr code -

>>Aliganj Lucknow >>Aminabad Lucknow >>Asset Recovery Branch Lucknow >>Chowk Lucknow >>Gomtinagar Lucknow >>Kursi Road >>Lucknow Main >>Mahanagar >>Rajnikhand >>Vikas Nagar Lucknow

MICR code for Bank Of Maharashtra Mahanagar

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

Use of Maharashtra Bank MICR code for Mahanagar branch in lucknow

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