Bank Of Maharashtra Patiala Patiala Punjab MICR CODE

Find MICR Codes for Bank Of Maharashtra Patiala Patiala Punjab

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Patran Patiala
Contact 91-9888798036
Bank Details Bank Of Maharashtra Patran Patiala MAHB0002956
Location Patiala, Patiala
City Patiala
District Patiala
State Punjab
Pincode 147105
Country IN
Address Near gadda stand, jakhal road, patran, teh. - patran, dist. - patiala, punjab - 147105
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 Patran Patiala 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, Patran Patiala branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Patran Patiala branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Bank Of Maharashtra are available with micr code -

>>Lower Mall Road Patiala >>Nabha >>Patiala >>Patran Patiala >>Samana Patiala

MICR code for Bank Of Maharashtra Patran Patiala

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 Patran Patiala 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 Patran Patiala branch. MICR code for Patran Patiala 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 Patran Patiala is presented in the table alongside.

Use of Maharashtra Bank MICR code for Patran Patiala branch in patiala

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