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Bank Of Maharashtra Hubli Dharwad Dharwad Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Hubli Dharwad Dharwad Karnataka

Bank
State
District
City
Branch
Address

MICR Code	580014002
Bank	Bank Of Maharashtra
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hubli Main
Contact	M.A.Shahapurkar 0836-2365388
Bank Details	Bank Of Maharashtra Hubli Main MAHB0000013

Location	Hubli Dharwad, Dharwad
City	Hubli Dharwad
District	Dharwad
State	Karnataka
Pincode	580020
Country	IN
Address	Victorial building, koppikar road, hubli - 580020

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 580014002 for Hubli Main 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 580014002 of Maharashtra Bank, Hubli Main branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Hubli Main branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Bank Of Maharashtra are available with micr code -

>>Arvindnagar Hubli >>Dharwad >>Gokul Road Hubli >>Hubli Main

MICR code for Bank Of Maharashtra Hubli Main

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 Hubli Main 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. 580014002 is the MICR code of Mahabank for Hubli Main branch. MICR code for Hubli Main 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 Hubli Main is presented in the table alongside.

Use of Maharashtra Bank MICR code for Hubli Main branch in hubli dharwad

The MICR code 580014002 is used in RBI cheque clearing process to identify the branch Hubli Main 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.