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Bank Of Maharashtra Silvasa Dadraandnagar Haveli Dadra And Nagar Haveli MICR CODE

Find MICR Codes for Bank Of Maharashtra Silvasa Dadraandnagar Haveli Dadra And Nagar Haveli

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Silvassa
Contact 9969886435
Bank Details Bank Of Maharashtra Silvassa MAHB0001899
Location Silvasa, Dadraandnagar Haveli
City Silvasa
District Dadraandnagar Haveli
State Dadra And Nagar Haveli
Pincode 396230
Country IN
Address 7, opp soubhagya inn hotel, vapi-silvassa raod, amli, silvassa -396230
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 396014111 for Silvassa 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 396014111 of Maharashtra Bank, Silvassa branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Silvassa 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 -

>>Silvassa

MICR code for Bank Of Maharashtra Silvassa

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 Silvassa 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. 396014111 is the MICR code of Mahabank for Silvassa branch. MICR code for Silvassa 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 Silvassa is presented in the table alongside.

Use of Maharashtra Bank MICR code for Silvassa branch in silvasa

The MICR code 396014111 is used in RBI cheque clearing process to identify the branch Silvassa 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.