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Bank Of Maharashtra Gavase Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Gavase Kolhapur Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gavase
Contact 02323-247512
Bank Details Bank Of Maharashtra Gavase MAHB0001066
Location Gavase, Kolhapur
City Gavase
District Kolhapur
State Maharashtra
Pincode 416509
Country IN
Address Gavase, tlaajra dist kolhapur
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.

Search Bank Of Maharashtra MICR Codes in kolhapur

You can search through MICR Codes of Maharashtra branches in gavase of District kolhapur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Gavase

How to find MICR codes for Bank Of Maharashtra in gavase?

Bank Of Maharashtra gavase MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Maharashtra Bank MICR codes list for gavase, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Maharashtra gavase branches.

Maharashtra Bank MICR code in gavase

Bank Of Maharashtra MICR code is a character recognition technology used by banks in the processing of cheques. Maharashtra Bank MICR code for gavase branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Mahabank branches in gavase, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Mahabank MICR code for gavase branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Maharashtra gavase branch, sprinted 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. Thus MICR code for Maharashtra Bank gavase branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahabank MICR codes for gavase branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!