Bank Of Maharashtra Bandora North Goa Goa MICR CODE

Find MICR Codes for Bank Of Maharashtra Bandora North Goa Goa

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MICR Code	403014003
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	Bandora
Contact	0832-2335050
Bank Details	Bank Of Maharashtra Bandora MAHB0000490

Location	Bandora, North Goa
City	Bandora
District	North Goa
State	Goa
Pincode	403408
Country	IN
Address	Shri. Nagesh sanstha building , nageshi ,tal. Ponda ,bandora 403408

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 403014003 for Bandora 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 403014003 of Maharashtra Bank, Bandora branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Bandora 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 -

>>Bandora

MICR code for Bank Of Maharashtra Bandora

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 Bandora 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. 403014003 is the MICR code of Mahabank for Bandora branch. MICR code for Bandora 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 Bandora is presented in the table alongside.

Use of Maharashtra Bank MICR code for Bandora branch in bandora

The MICR code 403014003 is used in RBI cheque clearing process to identify the branch Bandora 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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