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Bank Of Maharashtra Malthan Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Malthan Pune Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malthan
Contact 9730284425
Bank Details Bank Of Maharashtra Malthan MAHB0001715
Location Malthan, Pune
City Malthan
District Pune
State Maharashtra
Pincode 412218
Country IN
Address C/o ganesh v jamdar, gat no -23, behind st stand. At & post -malthan, tal -shirur, dist -pune 412218
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 pune

You can search through MICR Codes of Maharashtra branches in malthan of District pune 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 -

>>Malthan

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

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

Maharashtra Bank MICR code in malthan

Bank Of Maharashtra MICR code is a character recognition technology used by banks in the processing of cheques. Maharashtra Bank MICR code for malthan 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 malthan, 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 malthan 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 malthan 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 malthan branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahabank MICR codes for malthan branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!