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Bank Of Maharashtra Chandigarh Chandigarh Chandigarh MICR CODE

Find MICR Codes for Bank Of Maharashtra Chandigarh Chandigarh Chandigarh

Bank
State
District
City
Branch
Address

MICR Code	160014009
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	Mohali Phase Ii
Contact	0172-2225091
Bank Details	Bank Of Maharashtra Mohali Phase Ii MAHB0001740

Location	Chandigarh, Chandigarh
City	Chandigarh
District	Chandigarh
State	Chandigarh
Pincode	160055
Country	IN
Address	S.c.f.71, phase -2, mohali, dist - mohali, punjab - 160055

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 160014009 for Mohali Phase Ii 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 160014009 of Maharashtra Bank, Mohali Phase Ii branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mohali Phase Ii branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Bank Of Maharashtra are available with micr code -

>>45 C Chandigarh >>Chandigarh >>Chandigarh Sector 38D >>Housing Finance Branch Chandigarh >>Industrial Area Phasei >>Mohali Phase Ii >>Sector 47 C Chandigarh

MICR code for Bank Of Maharashtra Mohali Phase Ii

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 Mohali Phase Ii 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. 160014009 is the MICR code of Mahabank for Mohali Phase Ii branch. MICR code for Mohali Phase Ii 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 Mohali Phase Ii is presented in the table alongside.

Use of Maharashtra Bank MICR code for Mohali Phase Ii branch in chandigarh

The MICR code 160014009 is used in RBI cheque clearing process to identify the branch Mohali Phase Ii 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.