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Bank Of Maharashtra Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Mumbai Mumbai Maharashtra

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MICR Code	400014022
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	Prabhadevi Branch
Contact	24225857, 24370098
Bank Details	Bank Of Maharashtra Prabhadevi Branch MAHB0000318

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400025
Country	IN
Address	Amit tata employees co-op society,murari ghag marg prabhadevi, mumbai- 400025

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 400014022 for Prabhadevi Branch 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 400014022 of Maharashtra Bank, Prabhadevi Branch branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Prabhadevi Branch 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 Prabhadevi Branch

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 Prabhadevi Branch 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. 400014022 is the MICR code of Mahabank for Prabhadevi Branch branch. MICR code for Prabhadevi Branch 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 Prabhadevi Branch is presented in the table alongside.

Use of Maharashtra Bank MICR code for Prabhadevi Branch branch in mumbai

The MICR code 400014022 is used in RBI cheque clearing process to identify the branch Prabhadevi 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.