Maharashtra Gramin Bank Buldana Buldana Maharashtra MICR CODE

Find MICR Codes for Maharashtra Gramin Bank Buldana Buldana Maharashtra

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MICR Code
Bank Maharashtra Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Motala
Contact 7262-9975753790
Bank Details Maharashtra Gramin Bank Motala MAHG0006405
Location Buldana, Buldana
City Buldana
District Buldana
State Maharashtra
Pincode 443103
Country IN
Address C/o shrisupda gopala gaikwad, gaikwad complex nandura road motala , at po tq motala dist buldhana - 443103
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 Motala 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 Maha Gramin Bank, Motala branch makes the system almost error free and faster. Use of Maha Gramin Bank MICR codes for Motala branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Maharashtra Gramin Bank Motala

Maharashtra Gramin Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maha Gramin Bank MICR code for Motala 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 Maharashtra Gramin Bank for Motala branch. MICR code for Motala 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 Maha Gramin Bank Motala is presented in the table alongside.

Use of Maha Gramin Bank MICR code for Motala branch in buldana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Motala and Maha Gramin 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 Maharashtra Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.

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