Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

MICR Code: 411014014
Bank: Bank Of Maharashtra
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Deccan Gymkhana Pune
Contact: Mr. Raje A M 020-25531290/25532930 Bom0003@pn3.Vsnl.Net.In
Bank Details: Bank Of Maharashtra Deccan Gymkhana Pune MAHB0000003
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411004
Country: IN
Address: 1257, Deccan Gymkhan, Pawar Bldg, Pune 411004
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 411014014 for Deccan Gymkhana Pune 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 411014014 of Maharashtra Bank, Deccan Gymkhana Pune branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Deccan Gymkhana Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 116 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Deccan Gymkhana Pune

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 Deccan Gymkhana Pune 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. 411014014 is the MICR code of Mahabank for Deccan Gymkhana Pune branch. MICR code for Deccan Gymkhana Pune 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 Deccan Gymkhana Pune is presented in the table alongside.

Use of Maharashtra Bank MICR code for Deccan Gymkhana Pune branch in pune

The MICR code 411014014 is used in RBI cheque clearing process to identify the branch Deccan Gymkhana Pune 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.