Bank Of Maharashtra Nizampet Ranga Reddy Dist. Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Nizampet Ranga Reddy Dist. Andhra Pradesh

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MICR Code	500014015
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	Nizampet
Contact	040-23890030
Bank Details	Bank Of Maharashtra Nizampet MAHB0001442

Location	Nizampet, Ranga Reddy Dist.
City	Nizampet
District	Ranga Reddy Dist.
State	Andhra Pradesh
Pincode	500085
Country	IN
Address	Plot no 2 / b, seetha rama raju nagar, nizampet road, kukatpally,hyderabad – 500 085

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 500014015 for Nizampet 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 500014015 of Maharashtra Bank, Nizampet branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Nizampet 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 -

>>Nizampet

MICR code for Bank Of Maharashtra Nizampet

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 Nizampet 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. 500014015 is the MICR code of Mahabank for Nizampet branch. MICR code for Nizampet 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 Nizampet is presented in the table alongside.

Use of Maharashtra Bank MICR code for Nizampet branch in nizampet

The MICR code 500014015 is used in RBI cheque clearing process to identify the branch Nizampet 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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