Bank Of Maharashtra Sambalpur Sambalpur Orissa MICR CODE

Find MICR Codes for Bank Of Maharashtra Sambalpur Sambalpur Orissa

Bank
State
District
City
Branch
Address

MICR Code	768014002
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	Sambalpur
Contact	9337463349
Bank Details	Bank Of Maharashtra Sambalpur MAHB0001824

Location	Sambalpur, Sambalpur
City	Sambalpur
District	Sambalpur
State	Orissa
Pincode	768001
Country	IN
Address	Shivlok complex, gaiety talkies road, near golbazar, sambalpur, odisha. Pin-768001

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 768014002 for Sambalpur 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 768014002 of Maharashtra Bank, Sambalpur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Sambalpur 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 -

>>Bareipali >>Sambalpur

MICR code for Bank Of Maharashtra Sambalpur

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 Sambalpur 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. 768014002 is the MICR code of Mahabank for Sambalpur branch. MICR code for Sambalpur 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 Sambalpur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Sambalpur branch in sambalpur

The MICR code 768014002 is used in RBI cheque clearing process to identify the branch Sambalpur 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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