Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

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MICR Code	411014044
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	Akurdi Pune
Contact	Pataskar V V
Bank Details	Bank Of Maharashtra Akurdi Pune MAHB0000391

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411035
Country	IN
Address	Kalbhor bhavan, pune maumbai rd, akurdi, pune 411035

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 411014044 for Akurdi Pune 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 411014044 of Maharashtra Bank, Akurdi Pune branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Akurdi Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 164 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Akurdi Pune

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 Akurdi Pune 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. 411014044 is the MICR code of Mahabank for Akurdi Pune branch. MICR code for Akurdi Pune 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 Akurdi Pune is presented in the table alongside.

Use of Maharashtra Bank MICR code for Akurdi Pune branch in pune

The MICR code 411014044 is used in RBI cheque clearing process to identify the branch Akurdi Pune 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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