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Bank Of Maharashtra Mahuva Bhavnagar Gujarat MICR CODE

Find MICR Codes for Bank Of Maharashtra Mahuva Bhavnagar Gujarat

Bank
State
District
City
Branch
Address

MICR Code	364014091
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	Mahua
Contact	8511120819
Bank Details	Bank Of Maharashtra Mahua MAHB0001917

Location	Mahuva, Bhavnagar
City	Mahuva
District	Bhavnagar
State	Gujarat
Pincode	364290
Country	IN
Address	Shayam appt, near port, opp panchayat quarter, garden rd, mahuva 364290 dist bhavnagar gujarat

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 364014091 for Mahua 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 364014091 of Maharashtra Bank, Mahua branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mahua 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 -

>>Mahua

MICR code for Bank Of Maharashtra Mahua

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 Mahua 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. 364014091 is the MICR code of Mahabank for Mahua branch. MICR code for Mahua 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 Mahua is presented in the table alongside.

Use of Maharashtra Bank MICR code for Mahua branch in mahuva

The MICR code 364014091 is used in RBI cheque clearing process to identify the branch Mahua 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.