Bank Of Maharashtra Sas Nagar(Mohali) Rupnagar Punjab MICR CODE

Find MICR Codes for Bank Of Maharashtra Sas Nagar(Mohali) Rupnagar Punjab

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mohali
Contact 0172-2234060
Bank Details Bank Of Maharashtra Mohali MAHB0001245
Location Sas Nagar(Mohali), Rupnagar
City Sas Nagar(Mohali)
District Rupnagar
State Punjab
Pincode 160062
Country IN
Address Scf-60 phase-xi mohali punjab-160062
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 Mohali 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, Mohali branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Mohali 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 -

>>Mohali

MICR code for Bank Of Maharashtra Mohali

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

Use of Maharashtra Bank MICR code for Mohali branch in sas nagar(mohali)

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