Bank Of Maharashtra Sagar Khurai Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Sagar Khurai Madhya Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khurai
Contact 91-7880112716
Bank Details Bank Of Maharashtra Khurai MAHB0002716
Location Sagar, Khurai
City Sagar
District Khurai
State Madhya Pradesh
Pincode 470117
Country IN
Address Sant ravidas ward, sagar - khurai road, khurai, dist. - sagar, madhya pradesh - 470117
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 Khurai 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, Khurai branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Khurai 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 -

>>Khurai

MICR code for Bank Of Maharashtra Khurai

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

Use of Maharashtra Bank MICR code for Khurai branch in sagar

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