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Bank Of Maharashtra Thane Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Thane Thane Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch S S I Thane
Contact Shri M N Chowk / R T Parulekar 25822402 Bomsrtha@bom3.Vsnl.Net.In
Bank Details Bank Of Maharashtra S S I Thane MAHB0000088
Location Thane, Thane
City Thane
District Thane
State Maharashtra
Pincode 400601
Country IN
Address B-37, wagle ind estate, thane
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 400014078 for S S I Thane 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 400014078 of Maharashtra Bank, S S I Thane branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for S S I Thane branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra S S I Thane

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 S I Thane 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. 400014078 is the MICR code of Mahabank for S S I Thane branch. MICR code for S S I Thane 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 S I Thane is presented in the table alongside.

Use of Maharashtra Bank MICR code for S S I Thane branch in thane

The MICR code 400014078 is used in RBI cheque clearing process to identify the branch S S I Thane 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.