Bank Of Maharashtra Mapusa North Goa Goa MICR CODE

Find MICR Codes for Bank Of Maharashtra Mapusa North Goa Goa

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MICR Code	403014007
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	Mapuca Goa
Contact	Nayaka G H, Kokane S A
Bank Details	Bank Of Maharashtra Mapuca Goa MAHB0000435

Location	Mapusa, North Goa
City	Mapusa
District	North Goa
State	Goa
Pincode	403507
Country	IN
Address	Taliwada rd., coscar corner, near mun. Market, mapuca goa 403 507

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 403014007 for Mapuca Goa 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 403014007 of Maharashtra Bank, Mapuca Goa branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mapuca Goa 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 -

>>Mapuca Goa

MICR code for Bank Of Maharashtra Mapuca Goa

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 Mapuca Goa 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. 403014007 is the MICR code of Mahabank for Mapuca Goa branch. MICR code for Mapuca Goa 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 Mapuca Goa is presented in the table alongside.

Use of Maharashtra Bank MICR code for Mapuca Goa branch in mapusa

The MICR code 403014007 is used in RBI cheque clearing process to identify the branch Mapuca Goa 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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