Bank Of Maharashtra Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Mumbai Mumbai Maharashtra

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chembur Mumbai
Contact Jaykumar T. K. 022-25284296/022-25282828 Bom0089@vsnl.Com
Bank Details Bank Of Maharashtra Chembur Mumbai MAHB0000089
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400071
Country IN
Address 70-e,mahabank buildidng,dayanand saraswati rd,chembur,mumbai -400071
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 400014036 for Chembur Mumbai 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 400014036 of Maharashtra Bank, Chembur Mumbai branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Chembur Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 103 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Chembur Mumbai

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 Chembur Mumbai 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. 400014036 is the MICR code of Mahabank for Chembur Mumbai branch. MICR code for Chembur Mumbai 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 Chembur Mumbai is presented in the table alongside.

Use of Maharashtra Bank MICR code for Chembur Mumbai branch in mumbai

The MICR code 400014036 is used in RBI cheque clearing process to identify the branch Chembur Mumbai 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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