Bank Of Maharashtra Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Indore Indore Madhya Pradesh

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MICR Code	452014002
Bank	Bank Of Maharashtra
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	M G Road Indore
Contact	R. P. Chobal
Bank Details	Bank Of Maharashtra M G Road Indore MAHB0000106

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452007
Country	IN
Address	"fadnis complex", 88-m. G. Road, indore 452 007

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 452014002 for M G Road Indore 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 452014002 of Maharashtra Bank, M G Road Indore branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for M G Road Indore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Bank Of Maharashtra are available with micr code -

>>Aerodrum Road Indore >>Annapurna Indore >>Dudhiya >>Godha Colony Indore >>Housing Finance Branch Indore >>Kanadia Road Indore >>Lokmanya Nagar Indore >>M G Road Indore >>New Lohamandi >>Silicon City Indore >>South Tukoganj Indore >>Vijayanagar Indore

MICR code for Bank Of Maharashtra M G Road Indore

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 M G Road Indore 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. 452014002 is the MICR code of Mahabank for M G Road Indore branch. MICR code for M G Road Indore 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 M G Road Indore is presented in the table alongside.

Use of Maharashtra Bank MICR code for M G Road Indore branch in indore

The MICR code 452014002 is used in RBI cheque clearing process to identify the branch M G Road Indore 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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