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Bank Of Maharashtra Gangtok Gangtok Sikkim MICR CODE

Find MICR Codes for Bank Of Maharashtra Gangtok Gangtok Sikkim

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gangtok
Contact 0359-2206818 / 9830828561 ( Anup Dutta)
Bank Details Bank Of Maharashtra Gangtok MAHB0001506
Location Gangtok, Gangtok
City Gangtok
District Gangtok
State Sikkim
Pincode 737101
Country IN
Address Gupta building, opp pvt taxi stand, main road, gangtok - 737101 (sikkim)
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 737014002 for Gangtok 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 737014002 of Maharashtra Bank, Gangtok branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Gangtok branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Maharashtra are available with micr code -

>>Gangtok

MICR code for Bank Of Maharashtra Gangtok

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 Gangtok 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. 737014002 is the MICR code of Mahabank for Gangtok branch. MICR code for Gangtok 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 Gangtok is presented in the table alongside.

Use of Maharashtra Bank MICR code for Gangtok branch in gangtok

The MICR code 737014002 is used in RBI cheque clearing process to identify the branch Gangtok 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.