Bank Of Maharashtra Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
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	Silicon City Indore
Contact	91-6262147600
Bank Details	Bank Of Maharashtra Silicon City Indore MAHB0002597

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452012
Country	IN
Address	Plot no a-69, silicon city, nilhalpur mundi, indore, district indore, madhya pradesh-452012

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

A total of 12 branches of Bank Of Maharashtra are available with micr code -

>>Aerodrum Road Indore >>Annapurna Indore >>Dudhiya >>Godha Colony Indore >>Housing Finance Branch Indore >>Kanadia Road Indore >>Lokmanya Nagar Indore >>M G Road Indore >>New Lohamandi >>Silicon City Indore >>South Tukoganj Indore >>Vijayanagar Indore

MICR code for Bank Of Maharashtra Silicon City Indore

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 Silicon City Indore 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 Silicon City Indore branch. MICR code for Silicon City Indore 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 Silicon City Indore is presented in the table alongside.

Use of Maharashtra Bank MICR code for Silicon City Indore branch in indore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Silicon City Indore 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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