Bank Of Maharashtra Vasai Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Vasai Thane Maharashtra

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MICR Code	400014109
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	Agashi
Contact	0250-2587278/2586913
Bank Details	Bank Of Maharashtra Agashi MAHB0001115

Location	Vasai, Thane
City	Vasai
District	Thane
State	Maharashtra
Pincode	401301
Country	IN
Address	363,purandare house, chalpeth rd agashi

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 400014109 for Agashi 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 400014109 of Maharashtra Bank, Agashi branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Agashi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Bank Of Maharashtra are available with micr code -

>>Agashi >>Naigaon E Thane >>Nirmal >>Pelhar >>Vasai(West)

MICR code for Bank Of Maharashtra Agashi

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 Agashi 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. 400014109 is the MICR code of Mahabank for Agashi branch. MICR code for Agashi 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 Agashi is presented in the table alongside.

Use of Maharashtra Bank MICR code for Agashi branch in vasai

The MICR code 400014109 is used in RBI cheque clearing process to identify the branch Agashi 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.

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