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Bank Of Maharashtra Shegaon Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Shegaon Kolhapur Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shegaon
Contact 02344-286027
Bank Details Bank Of Maharashtra Shegaon MAHB0000993
Location Shegaon, Kolhapur
City Shegaon
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address Shegaon 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 shegaon 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 -

>>Shegaon

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

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

Maharashtra Bank MICR code in shegaon

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