Bank Of Maharashtra Dindori Nashik Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Dindori Nashik Maharashtra

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dindori
Contact 02557-221002
Bank Details Bank Of Maharashtra Dindori MAHB0000187
Location Dindori, Nashik
City Dindori
District Nashik
State Maharashtra
Pincode 422202
Country IN
Address S k bhavan, 223 vithal mandir road, dindori 422202 dist. Nasik
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 Dindori 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, Dindori branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Dindori 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 -

>>Dindori

MICR code for Bank Of Maharashtra Dindori

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 Dindori 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 Dindori branch. MICR code for Dindori 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 Dindori is presented in the table alongside.

Use of Maharashtra Bank MICR code for Dindori branch in dindori

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