Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Agri Hi Tech Hyderabad
Contact A S Sarma, S S Rao 55259632 & 24151805 Bom1148@mahabank.Co.In
Bank Details Bank Of Maharashtra Agri Hi Tech Hyderabad MAHB0001148
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500036
Country IN
Address 16-2-741/c/7,asmangadh,tv tower x road signals,dilsukhnagar, hyderabad - 500036
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 500014010 for Agri Hi Tech Hyderabad 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 500014010 of Maharashtra Bank, Agri Hi Tech Hyderabad branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Agri Hi Tech Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Agri Hi Tech Hyderabad

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 Agri Hi Tech Hyderabad 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. 500014010 is the MICR code of Mahabank for Agri Hi Tech Hyderabad branch. MICR code for Agri Hi Tech Hyderabad 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 Agri Hi Tech Hyderabad is presented in the table alongside.

Use of Maharashtra Bank MICR code for Agri Hi Tech Hyderabad branch in hyderabad

The MICR code 500014010 is used in RBI cheque clearing process to identify the branch Agri Hi Tech Hyderabad 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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