Bank Of Maharashtra North Xxiv Parganas Salt Lake City West Bengal MICR CODE

Find MICR Codes for Bank Of Maharashtra North Xxiv Parganas Salt Lake City West Bengal

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Salt Lake Sector V
Contact 91-6293708823
Bank Details Bank Of Maharashtra Salt Lake Sector V MAHB0003038
Location North Xxiv Parganas, Salt Lake City
City North Xxiv Parganas
District Salt Lake City
State West Bengal
Pincode 700091
Country IN
Address Fitway enclave, dn-12, ground floor, sector v, salt lake city, dist.-north 24 parganas, kolkata-700091
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 Salt Lake Sector V 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, Salt Lake Sector V branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Salt Lake Sector V 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 -

>>Salt Lake Sector V

MICR code for Bank Of Maharashtra Salt Lake Sector V

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 Salt Lake Sector V 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 Salt Lake Sector V branch. MICR code for Salt Lake Sector V 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 Salt Lake Sector V is presented in the table alongside.

Use of Maharashtra Bank MICR code for Salt Lake Sector V branch in north xxiv parganas

The MICR code 0 is used in RBI cheque clearing process to identify the branch Salt Lake Sector V 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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