Bank Of Maharashtra Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Kolhapur Kolhapur Maharashtra

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MICR Code	416014005
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	Mahadwar Road Kolhapur
Contact	Abraham K. A.
Bank Details	Bank Of Maharashtra Mahadwar Road Kolhapur MAHB0000326

Location	Kolhapur, Kolhapur
City	Kolhapur
District	Kolhapur
State	Maharashtra
Pincode	416002
Country	IN
Address	2430, shende bldg, mahadwar road, kolhapur 416002

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 416014005 for Mahadwar Road Kolhapur 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 416014005 of Maharashtra Bank, Mahadwar Road Kolhapur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mahadwar Road Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 14 branches of Bank Of Maharashtra are available with micr code -

>>Gangavesh Kolhapur >>Kodoli >>Kolhapur Khasbaug >>Kolhapur Tararani Vidyap >>Laxmipuri Kolhapur >>Mahadwar Road Kolhapur >>Rajarampuri Kolhapur >>Ruikar Colony Kolhapur >>Salokhenagar Kolhapur >>Sane Guruji Vasahat Kolhapur >>Service Branch Kolhapur >>Shivaji Univercity Area Kolhapur >>Tarabai Chowk >>Tarabai Park Kolhapur

MICR code for Bank Of Maharashtra Mahadwar Road Kolhapur

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 Mahadwar Road Kolhapur 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. 416014005 is the MICR code of Mahabank for Mahadwar Road Kolhapur branch. MICR code for Mahadwar Road Kolhapur 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 Mahadwar Road Kolhapur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Mahadwar Road Kolhapur branch in kolhapur

The MICR code 416014005 is used in RBI cheque clearing process to identify the branch Mahadwar Road Kolhapur 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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