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Maharashtra Gramin Bank Ahmednagar Mukindpur Newasa Phata Maharashtra MICR CODE

Find MICR Codes for Maharashtra Gramin Bank Ahmednagar Mukindpur Newasa Phata Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	414570502
Bank	Maharashtra Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mukindpur Newasa Phata
Contact	244080
Bank Details	Maharashtra Gramin Bank Mukindpur Newasa Phata MAHG0005406

Location	Ahmednagar, Mukindpur Newasa Phata
City	Ahmednagar
District	Mukindpur Newasa Phata
State	Maharashtra
Pincode	431512
Country	IN
Address	At mukindpur newasa phata tq dist ahmednagar

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 414570502 for Mukindpur Newasa Phata 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 414570502 of Maha Gramin Bank, Mukindpur Newasa Phata branch makes the system almost error free and faster. Use of Maha Gramin Bank MICR codes for Mukindpur Newasa Phata branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Maharashtra Gramin Bank are available with micr code -

>>Mukindpur Newasa Phata

MICR code for Maharashtra Gramin Bank Mukindpur Newasa Phata

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 Mukindpur Newasa Phata 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. 414570502 is the MICR code of Maharashtra Gramin Bank for Mukindpur Newasa Phata branch. MICR code for Mukindpur Newasa Phata 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 Mukindpur Newasa Phata is presented in the table alongside.

Use of Maha Gramin Bank MICR code for Mukindpur Newasa Phata branch in ahmednagar

The MICR code 414570502 is used in RBI cheque clearing process to identify the branch Mukindpur Newasa Phata 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.