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Bank Of Maharashtra Rajnandgaon Rajnandgaon Chhattisgarh MICR CODE

Find MICR Codes for Bank Of Maharashtra Rajnandgaon Rajnandgaon Chhattisgarh

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rajnandgaon
Contact 07744-225196
Bank Details Bank Of Maharashtra Rajnandgaon MAHB0000063
Location Rajnandgaon, Rajnandgaon
City Rajnandgaon
District Rajnandgaon
State Chhattisgarh
Pincode 491441
Country IN
Address Kampthi lane, mohta blg, 1st floor, rajnandgaon
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 0 for Rajnandgaon 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 0 of Maharashtra Bank, Rajnandgaon branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Rajnandgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Maharashtra are available with micr code -

>>Rajnandgaon

MICR code for Bank Of Maharashtra Rajnandgaon

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 Rajnandgaon 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. 0 is the MICR code of Mahabank for Rajnandgaon branch. MICR code for Rajnandgaon 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 Rajnandgaon is presented in the table alongside.

Use of Maharashtra Bank MICR code for Rajnandgaon branch in rajnandgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rajnandgaon 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.