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Bank Of Maharashtra Mormugao South Goa Goa MICR CODE

Find MICR Codes for Bank Of Maharashtra Mormugao South Goa Goa

Bank
State
District
City
Branch
Address

MICR Code	700014002
Bank	Bank Of Maharashtra
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vasco Da Gama Goa
Contact	Mr Nitin Kamat, S A Kamat, P P Barje
Bank Details	Bank Of Maharashtra Vasco Da Gama Goa MAHB0000377

Location	Mormugao, South Goa
City	Mormugao
District	South Goa
State	Goa
Pincode	403802
Country	IN
Address	Janata buiding, swatantra path, vasco da gama, goa 403 802

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 700014002 for Vasco Da Gama Goa 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 700014002 of Maharashtra Bank, Vasco Da Gama Goa branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Vasco Da Gama Goa 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 -

>>Vasco Da Gama Goa

MICR code for Bank Of Maharashtra Vasco Da Gama Goa

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 Vasco Da Gama Goa 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. 700014002 is the MICR code of Mahabank for Vasco Da Gama Goa branch. MICR code for Vasco Da Gama Goa 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 Vasco Da Gama Goa is presented in the table alongside.

Use of Maharashtra Bank MICR code for Vasco Da Gama Goa branch in mormugao

The MICR code 700014002 is used in RBI cheque clearing process to identify the branch Vasco Da Gama Goa 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.