Bank Of Maharashtra Solapur Solapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Solapur Solapur Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	413014009
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	Solapur Shivshahi
Contact	0217-2733880
Bank Details	Bank Of Maharashtra Solapur Shivshahi MAHB0000668

Location	Solapur, Solapur
City	Solapur
District	Solapur
State	Maharashtra
Pincode	413004
Country	IN
Address	1,ng mill hsg soc. , ashra chowk , hodagi road, solapur-413004

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 413014009 for Solapur Shivshahi 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 413014009 of Maharashtra Bank, Solapur Shivshahi branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Solapur Shivshahi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Maharashtra are available with micr code -

>>Chincholi Midc >>Solapur Shivshahi >>Sspm Shivajinagar Barshi >>Wadia Hospital

MICR code for Bank Of Maharashtra Solapur Shivshahi

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 Solapur Shivshahi 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. 413014009 is the MICR code of Mahabank for Solapur Shivshahi branch. MICR code for Solapur Shivshahi 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 Solapur Shivshahi is presented in the table alongside.

Use of Maharashtra Bank MICR code for Solapur Shivshahi branch in solapur

The MICR code 413014009 is used in RBI cheque clearing process to identify the branch Solapur Shivshahi 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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