Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bhavani Peth Pune
Contact Bhale Rao 020-26354588 Bom0028@pn2.Vsnl.Net.In
Bank Details Bank Of Maharashtra Bhavani Peth Pune MAHB0000028
Location Pune, Pune
City Pune
District Pune
State Maharashtra
Pincode 411042
Country IN
Address Saikripa 122 gul ali sanas building bhawani peth pune 411042
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 411014002 for Bhavani Peth Pune 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 411014002 of Maharashtra Bank, Bhavani Peth Pune branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Bhavani Peth Pune branch, makes the characters readable even if there are other marks and stamps on it.

A total of 164 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Bhavani Peth Pune

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 Bhavani Peth Pune 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. 411014002 is the MICR code of Mahabank for Bhavani Peth Pune branch. MICR code for Bhavani Peth Pune 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 Bhavani Peth Pune is presented in the table alongside.

Use of Maharashtra Bank MICR code for Bhavani Peth Pune branch in pune

The MICR code 411014002 is used in RBI cheque clearing process to identify the branch Bhavani Peth Pune 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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