MICR Code Bank
Find MICR code for Bank Of Maharashtra branches in India for NEFT and RTGS transfer

Bank Of Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra

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  5. mazgaon mumbai

Find MICR Codes for Bank Of Maharashtra

MICR Code: 400014012
Bank: Bank Of Maharashtra
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Mazgaon Mumbai
Contact: Bhagat B R 022-23774546 Bom0091m@vsnl.Com
Bank Details: Bank Of Maharashtra Mazgaon Mumbai MAHB0000091
Location: Mumbai, Mumbai
City: Mumbai
District: Mumbai
State: Maharashtra
Pincode: 400010
Country: IN
Address: Prasanna co op hsg soc nesbit road mazgaon mumbai 400010

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

A total of 103 branches of Bank Of Maharashtra are available with micr code

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MICR code for Bank Of Maharashtra

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

Use of Maharashtra Bank MICR code for branch in mumbai

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