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Bank Of Maharashtra Kolkata Kolkata West Bengal MICR CODE

Find MICR Codes for Bank Of Maharashtra Kolkata Kolkata West Bengal

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch S P M Road Kolkata
Contact Mr. A S Chandra
Bank Details Bank Of Maharashtra S P M Road Kolkata MAHB0000715
Location Kolkata, Kolkata
City Kolkata
District Kolkata
State West Bengal
Pincode 700025
Country IN
Address 31a, s p m road 1st floor, kolkata-700025
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 700014006 for S P M Road Kolkata 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 700014006 of Maharashtra Bank, S P M Road Kolkata branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for S P M Road Kolkata branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra S P M Road Kolkata

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 S P M Road Kolkata 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. 700014006 is the MICR code of Mahabank for S P M Road Kolkata branch. MICR code for S P M Road Kolkata 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 S P M Road Kolkata is presented in the table alongside.

Use of Maharashtra Bank MICR code for S P M Road Kolkata branch in kolkata

The MICR code 700014006 is used in RBI cheque clearing process to identify the branch S P M Road Kolkata 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.