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Bank Of Maharashtra Pait Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pait Pune Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pait
Contact 02135-283244
Bank Details Bank Of Maharashtra Pait MAHB0000992
Location Pait, Pune
City Pait
District Pune
State Maharashtra
Pincode 410505
Country IN
Address Ram.dairy,society bhavan
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 pait 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 -

>>Pait

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

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

Maharashtra Bank MICR code in pait

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