Bank Of Maharashtra Ashta Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Ashta Kolhapur Maharashtra

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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	Ashta
Contact	02342-242036
Bank Details	Bank Of Maharashtra Ashta MAHB0000231

Location	Ashta, Kolhapur
City	Ashta
District	Kolhapur
State	Maharashtra
Pincode	416301
Country	IN
Address	Ashta , dist sangli

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 Ashta 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, Ashta branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ashta 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 -

>>Ashta

MICR code for Bank Of Maharashtra Ashta

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 Ashta 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 Ashta branch. MICR code for Ashta 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 Ashta is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ashta branch in ashta

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