Bank Of Maharashtra Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Belgaum Belgaum Karnataka

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MICR Code	-NA-
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	Angol
Contact	0831-2480871
Bank Details	Bank Of Maharashtra Angol MAHB0000423

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590006
Country	IN
Address	Angol branch, wada compound, angol, belgaum - 590006

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 0 for Angol 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 0 of Maharashtra Bank, Angol branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Angol branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Bank Of Maharashtra are available with micr code -

>>Angol >>Belgaum City >>Belgaum Tilakwadi >>Khasbaug Belgaum >>Sadashivnagar >>Udyam Baug Belgum

MICR code for Bank Of Maharashtra Angol

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 Angol 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. 0 is the MICR code of Mahabank for Angol branch. MICR code for Angol 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 Angol is presented in the table alongside.

Use of Maharashtra Bank MICR code for Angol branch in belgaum

The MICR code 0 is used in RBI cheque clearing process to identify the branch Angol 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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