Bank Of Maharashtra Gurugram Gurugram Haryana MICR CODE

Find MICR Codes for Bank Of Maharashtra Gurugram Gurugram Haryana

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sector Xxviii Mg Road Gurugram
Contact 91-7823972630
Bank Details Bank Of Maharashtra Sector Xxviii Mg Road Gurugram MAHB0003001
Location Gurugram, Gurugram
City Gurugram
District Gurugram
State Haryana
Pincode 122002
Country IN
Address Unit no.14, ground floor, times tower, sector 28, m g road, gurugram, haryana 122002
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 Sector Xxviii Mg Road Gurugram 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, Sector Xxviii Mg Road Gurugram branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Sector Xxviii Mg Road Gurugram branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Sector Xxviii Mg Road Gurugram

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 Sector Xxviii Mg Road Gurugram 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 Sector Xxviii Mg Road Gurugram branch. MICR code for Sector Xxviii Mg Road Gurugram 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 Sector Xxviii Mg Road Gurugram is presented in the table alongside.

Use of Maharashtra Bank MICR code for Sector Xxviii Mg Road Gurugram branch in gurugram

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sector Xxviii Mg Road Gurugram 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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