Bank Of Maharashtra Morigaon Jagiroad Assam MICR CODE

Find MICR Codes for Bank Of Maharashtra Morigaon Jagiroad Assam

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jagiroad
Contact 91-7099073819
Bank Details Bank Of Maharashtra Jagiroad MAHB0002710
Location Morigaon, Jagiroad
City Morigaon
District Jagiroad
State Assam
Pincode 782410
Country IN
Address First floor, h r mazumdar complex, morigaon raod, jagiroad, dist. - morigaon, assam - 782410
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 Jagiroad 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, Jagiroad branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Jagiroad 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 -

>>Jagiroad

MICR code for Bank Of Maharashtra Jagiroad

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

Use of Maharashtra Bank MICR code for Jagiroad branch in morigaon

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