Bank Of Maharashtra Sitapur Sitapur Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Sitapur Sitapur Uttar Pradesh

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sitapur
Contact 7054811748
Bank Details Bank Of Maharashtra Sitapur MAHB0001937
Location Sitapur, Sitapur
City Sitapur
District Sitapur
State Uttar Pradesh
Pincode 261001
Country IN
Address H no 1431 civil lines.gandhi park& ho of up gramin bank sitapur
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 261014002 for Sitapur 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 261014002 of Maharashtra Bank, Sitapur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Sitapur 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 -

>>Sitapur

MICR code for Bank Of Maharashtra Sitapur

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 Sitapur 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. 261014002 is the MICR code of Mahabank for Sitapur branch. MICR code for Sitapur 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 Sitapur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Sitapur branch in sitapur

The MICR code 261014002 is used in RBI cheque clearing process to identify the branch Sitapur 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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