Mahanagar Bank Ahilyanagar Parner Maharashtra MICR CODE

Find MICR Codes for Mahanagar Bank Ahilyanagar Parner Maharashtra

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MICR Code
Bank Mahanagar Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Supa
Contact 2488-7039764879
Bank Details Mahanagar Co-Op Bank Ltd Supa MCBL0960081
Location Ahilyanagar, Parner
City Ahilyanagar
District Parner
State Maharashtra
Pincode 414301
Country IN
Address Sr no 1724/12 13 16 18 20 21 ground floor shop no.103 104 110 114 118 119 supa parner ahilyanagar 414301
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 Supa 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 Mahanagar Co Op Bank, Supa branch makes the system almost error free and faster. Use of Mahanagar Co Op Bank MICR codes for Supa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Mahanagar Co-Op Bank Ltd are available with micr code -

>>Supa

MICR code for Mahanagar Bank Supa

Mahanagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mahanagar Co Op Bank MICR code for Supa 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 Mahanagar Cooperative Bank for Supa branch. MICR code for Supa 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 Mahanagar Co Op Bank Supa is presented in the table alongside.

Use of Mahanagar Co Op Bank MICR code for Supa branch in ahilyanagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Supa and Mahanagar Co Op 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 Mahanagar Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.

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