Bank Of Maharashtra Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Nagpur Nagpur Maharashtra

Bank
State
District
City
Branch
Address
MICR Code: 440014002
Bank: Bank Of Maharashtra
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Sitabuldi Nagpur
Contact: Mr. G R Nandanwar (Cm) 2522372 2522373 2529850 Bom0004ngp@sancharnet.Com
Bank Details: Bank Of Maharashtra Sitabuldi Nagpur MAHB0000005
Location: Nagpur, Nagpur
City: Nagpur
District: Nagpur
State: Maharashtra
Pincode: 440012
Country: IN
Address: 172, Mahabank Building, Abhyankar Rd, Sitabuldi Nagpur 440 012
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 440014002 for Sitabuldi Nagpur 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 440014002 of Maharashtra Bank, Sitabuldi Nagpur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Sitabuldi Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Sitabuldi Nagpur

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 Sitabuldi Nagpur 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. 440014002 is the MICR code of Mahabank for Sitabuldi Nagpur branch. MICR code for Sitabuldi Nagpur 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 Sitabuldi Nagpur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Sitabuldi Nagpur branch in nagpur

The MICR code 440014002 is used in RBI cheque clearing process to identify the branch Sitabuldi Nagpur 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.