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Bank Of Maharashtra Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Bank Of Maharashtra Ahmedabad Ahmedabad Gujarat

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vastrapur
Contact 9825865934
Bank Details Bank Of Maharashtra Vastrapur MAHB0001517
Location Ahmedabad, Ahmedabad
City Ahmedabad
District Ahmedabad
State Gujarat
Pincode 380015
Country IN
Address Super plaza, sanand press main road, vastrapur, ahmedabad-15
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 380014016 for Vastrapur 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 380014016 of Maharashtra Bank, Vastrapur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Vastrapur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Vastrapur

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 Vastrapur 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. 380014016 is the MICR code of Mahabank for Vastrapur branch. MICR code for Vastrapur 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 Vastrapur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Vastrapur branch in ahmedabad

The MICR code 380014016 is used in RBI cheque clearing process to identify the branch Vastrapur 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.