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Bank Of Maharashtra Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of Maharashtra Chandigarh Chandigarh Chandigarh

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch 45 C Chandigarh
Contact H.K.Kalra
Bank Details Bank Of Maharashtra 45 C Chandigarh MAHB0001296
Location Chandigarh, Chandigarh
City Chandigarh
District Chandigarh
State Chandigarh
Pincode 160047
Country IN
Address Sco 121-122 sector 45c , chandigarh-160047
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 160014004 for 45 C Chandigarh 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 160014004 of Maharashtra Bank, 45 C Chandigarh branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for 45 C Chandigarh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Bank Of Maharashtra are available with micr code -

>>45 C Chandigarh >>Chandigarh >>Chandigarh Sector 38D >>Housing Finance Branch Chandigarh >>Industrial Area Phasei >>Mohali Phase Ii >>Sector 47 C Chandigarh

MICR code for Bank Of Maharashtra 45 C Chandigarh

Bank Of Maharashtra MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra Bank MICR code for 45 C Chandigarh 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. 160014004 is the MICR code of Mahabank for 45 C Chandigarh branch. MICR code for 45 C Chandigarh 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 Bank 45 C Chandigarh is presented in the table alongside.

Use of Maharashtra Bank MICR code for 45 C Chandigarh branch in chandigarh

The MICR code 160014004 is used in RBI cheque clearing process to identify the branch 45 C Chandigarh and Maharashtra 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 Mahabank is typically in either of these two font’s: E-138 and CMC-7.