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Maharashtra State Co Op Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Maharashtra State Co Op Bank Aurangabad Aurangabad Maharashtra

Bank
State
District
City
Branch
Address

MICR Code	431082003
Bank	Maharashtra State Co-Op Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Aurangabad
Contact	0240-2471464
Bank Details	Maharashtra State Co-Op Bank Aurangabad MSCI0082064

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431003
Country	IN
Address	Plot no.10, town centre,cidco, aurangabad - 431003.

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 431082003 for Aurangabad 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 431082003 of Maharashtra State Co Operative Bank, Aurangabad branch makes the system almost error free and faster. Use of Maharashtra State Co Operative Bank MICR codes for Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Maharashtra State Co-Op Bank are available with micr code -

>>Aurangabad >>Aurangabad Extn.Counter >>Dr Babasaheb Ambedkar Nagari Sahakari Bank Ltd Aurangabad Mill Corner

MICR code for Maharashtra State Co Op Bank Aurangabad

Maharashtra State Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra State Co Operative Bank MICR code for Aurangabad 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. 431082003 is the MICR code of Maharashtra State Co Op Bank for Aurangabad branch. MICR code for Aurangabad 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 State Co Operative Bank Aurangabad is presented in the table alongside.

Use of Maharashtra State Co Operative Bank MICR code for Aurangabad branch in aurangabad

The MICR code 431082003 is used in RBI cheque clearing process to identify the branch Aurangabad and Maharashtra State Co Operative 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 State Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.