Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ecil Rd Kapra Hyderabad
Contact K Sankar Rao, R Krishna Murty 27144656 Bom1266@mahabank.Co.In
Bank Details Bank Of Maharashtra Ecil Rd Kapra Hyderabad MAHB0001266
Location Hyderabad, Hyderabad Urban
City Hyderabad
District Hyderabad Urban
State Andhra Pradesh
Pincode 500062
Country IN
Address 2nd floor, vertex pearl complex, srinivas nagar colony,ecil road kapra, hyderabad-500062
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 500014012 for Ecil Rd Kapra Hyderabad 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 500014012 of Maharashtra Bank, Ecil Rd Kapra Hyderabad branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ecil Rd Kapra Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of Maharashtra Ecil Rd Kapra Hyderabad

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 Ecil Rd Kapra Hyderabad 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. 500014012 is the MICR code of Mahabank for Ecil Rd Kapra Hyderabad branch. MICR code for Ecil Rd Kapra Hyderabad 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 Ecil Rd Kapra Hyderabad is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ecil Rd Kapra Hyderabad branch in hyderabad

The MICR code 500014012 is used in RBI cheque clearing process to identify the branch Ecil Rd Kapra Hyderabad 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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