Bank Of Maharashtra Patna Danapur Bihar MICR CODE

Find MICR Codes for Bank Of Maharashtra Patna Danapur Bihar

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Danapur Patna
Contact 91-9031046793
Bank Details Bank Of Maharashtra Danapur Patna MAHB0002703
Location Patna, Danapur
City Patna
District Danapur
State Bihar
Pincode 801503
Country IN
Address Ground floor, sanrachana city centre, shop no. Gb-1, gb-2 and atm, near t-point, gola road, danapur, dist. - patna, bihar - 801503
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 0 for Danapur Patna 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 0 of Maharashtra Bank, Danapur Patna branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Danapur Patna 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 -

>>Danapur Patna

MICR code for Bank Of Maharashtra Danapur Patna

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 Danapur Patna 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. 0 is the MICR code of Mahabank for Danapur Patna branch. MICR code for Danapur Patna 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 Danapur Patna is presented in the table alongside.

Use of Maharashtra Bank MICR code for Danapur Patna branch in patna

The MICR code 0 is used in RBI cheque clearing process to identify the branch Danapur Patna 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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