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Bank Of Maharashtra Sankh Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Sankh Kolhapur Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sankh
Contact 02344-227024
Bank Details Bank Of Maharashtra Sankh MAHB0000550
Location Sankh, Kolhapur
City Sankh
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address Sankh tal jath dist sangli
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 kolhapur

You can search through MICR Codes of Maharashtra branches in sankh of District kolhapur 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 -

>>Sankh

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

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

Maharashtra Bank MICR code in sankh

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