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Maharashtra Gramin Bank Jalna Sevali Maharashtra MICR CODE

Find MICR Codes for Maharashtra Gramin Bank Jalna Sevali Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431570545
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	Sevali
Contact	253253
Bank Details	Maharashtra Gramin Bank Sevali MAHG0005215

Location	Jalna, Sevali
City	Jalna
District	Sevali
State	Maharashtra
Pincode	431213
Country	IN
Address	At sevali tq dist jalna

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 431570545 for Sevali 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 431570545 of Maha Gramin Bank, Sevali branch makes the system almost error free and faster. Use of Maha Gramin Bank MICR codes for Sevali 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 -

>>Sevali

MICR code for Maharashtra Gramin Bank Sevali

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 Sevali 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. 431570545 is the MICR code of Maharashtra Gramin Bank for Sevali branch. MICR code for Sevali 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 Sevali is presented in the table alongside.

Use of Maha Gramin Bank MICR code for Sevali branch in jalna

The MICR code 431570545 is used in RBI cheque clearing process to identify the branch Sevali 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.