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Bank Of Maharashtra Harihar Davangere Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Harihar Davangere Karnataka

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Harihar
Contact 08192-242226
Bank Details Bank Of Maharashtra Harihar MAHB0000023
Location Harihar, Davangere
City Harihar
District Davangere
State Karnataka
Pincode 577601
Country IN
Address Kirloskar building, 494/d-1,poona-bangalore road, harihar - 577601, davangere dist, karnataka
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 577014602 for Harihar 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 577014602 of Maharashtra Bank, Harihar branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Harihar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Maharashtra are available with micr code -

>>Harihar >>Vijayanagar

MICR code for Bank Of Maharashtra Harihar

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 Harihar 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. 577014602 is the MICR code of Mahabank for Harihar branch. MICR code for Harihar 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 Harihar is presented in the table alongside.

Use of Maharashtra Bank MICR code for Harihar branch in harihar

The MICR code 577014602 is used in RBI cheque clearing process to identify the branch Harihar 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.