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Bank Of Maharashtra Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Nagpur Nagpur Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ayodhya Nagar Nagpur
Contact Mr.Nandeshwar
Bank Details Bank Of Maharashtra Ayodhya Nagar Nagpur MAHB0000947
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440024
Country IN
Address Sharda chowk, ayodhya nagar nagpur 440024
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 440014016 for Ayodhya Nagar Nagpur 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 440014016 of Maharashtra Bank, Ayodhya Nagar Nagpur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ayodhya Nagar Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Ayodhya Nagar Nagpur

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 Ayodhya Nagar Nagpur 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. 440014016 is the MICR code of Mahabank for Ayodhya Nagar Nagpur branch. MICR code for Ayodhya Nagar Nagpur 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 Ayodhya Nagar Nagpur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ayodhya Nagar Nagpur branch in nagpur

The MICR code 440014016 is used in RBI cheque clearing process to identify the branch Ayodhya Nagar Nagpur 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.