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Bank Of Maharashtra Ramtek Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Ramtek Nagpur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	440014514
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	Ramtek
Contact	0711-4256636
Bank Details	Bank Of Maharashtra Ramtek MAHB0001911

Location	Ramtek, Nagpur
City	Ramtek
District	Nagpur
State	Maharashtra
Pincode	441106
Country	IN
Address	Shri kiran karemore bhagatsingh ward, survey no 1820/1821 gandhi chowk ramtek-441106 dist nagpur

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 440014514 for Ramtek 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 440014514 of Maharashtra Bank, Ramtek branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ramtek branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Maharashtra are available with micr code -

>>Mansar >>Ramtek

MICR code for Bank Of Maharashtra Ramtek

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 Ramtek 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. 440014514 is the MICR code of Mahabank for Ramtek branch. MICR code for Ramtek 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 Ramtek is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ramtek branch in ramtek

The MICR code 440014514 is used in RBI cheque clearing process to identify the branch Ramtek 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.