Bank Of Maharashtra Bangalore Bangalore Urban Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Bangalore Bangalore Urban Karnataka

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MICR Code	560014003
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	Basavangudi Bangalore
Contact	Ajit Kishore
Bank Details	Bank Of Maharashtra Basavangudi Bangalore MAHB0000162

Location	Bangalore, Bangalore Urban
City	Bangalore
District	Bangalore Urban
State	Karnataka
Pincode	560004
Country	IN
Address	Uttaradi mutt raod, basavangudi, bangalore - 560004

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 560014003 for Basavangudi Bangalore 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 560014003 of Maharashtra Bank, Basavangudi Bangalore branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Basavangudi Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 16 branches of Bank Of Maharashtra are available with micr code -

>>Agri Hitech Bangalore >>Basavangudi Bangalore >>Brigade Road Bangalore >>Chamraj Peth Bangalore >>City Market Bangalore >>Gandhinagar >>Indira Nagar >>J P Nagar Bangalore >>Jayanagar >>Mallehwaram Bangalore >>Mico Lay Out Bangalore >>Rajeshwarinagar Bangalore >>S S I Bangalore >>Seegehalli >>Service Branch Bangalore >>Shivajinagar Bangalore

MICR code for Bank Of Maharashtra Basavangudi Bangalore

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 Basavangudi Bangalore 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. 560014003 is the MICR code of Mahabank for Basavangudi Bangalore branch. MICR code for Basavangudi Bangalore 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 Basavangudi Bangalore is presented in the table alongside.

Use of Maharashtra Bank MICR code for Basavangudi Bangalore branch in bangalore

The MICR code 560014003 is used in RBI cheque clearing process to identify the branch Basavangudi Bangalore 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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