Bank Of Maharashtra Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Aurangabad Aurangabad Maharashtra

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MICR Code	431014011
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	Aurangabad City
Contact	Mr.Bubukwar / Mr A.R.Joshi
Bank Details	Bank Of Maharashtra Aurangabad City MAHB0000032

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431001
Country	IN
Address	Suresh bhavan chauraha road shahganj aurangabad 431001

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 431014011 for Aurangabad City 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 431014011 of Maharashtra Bank, Aurangabad City branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Aurangabad City branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Bank Of Maharashtra are available with micr code -

>>Asset Recovery Branch >>Aurangabad City >>Chikalthana >>Cidco Aurangabad >>Digital Banking Unit Aurangabad >>Garkheda >>J N E College Cidco Aurangabad >>Kranti Chowk Aurangabad >>Mill Corner >>Roshangate >>Saraswati Bhuvan Aurangabad >>Satara Parisar Aurangabad >>Sawarkar Chowk Aurangabad >>Service Branch Aurangabad >>Shg Aurangabad >>Station Road Aurangabad >>T V Centre Hudco Aurangabad >>Town Centre Cidco >>University Branch

MICR code for Bank Of Maharashtra Aurangabad City

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 Aurangabad City 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. 431014011 is the MICR code of Mahabank for Aurangabad City branch. MICR code for Aurangabad City 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 Aurangabad City is presented in the table alongside.

Use of Maharashtra Bank MICR code for Aurangabad City branch in aurangabad

The MICR code 431014011 is used in RBI cheque clearing process to identify the branch Aurangabad City 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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