Bank Of Maharashtra Gautam Buddha Nagar Gautam Buddha Nagar Uttar Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Gautam Buddha Nagar Gautam Buddha Nagar Uttar Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Noida Sector Sixteen B
Contact 91-9355887166
Bank Details Bank Of Maharashtra Noida Sector Sixteen B MAHB0002407
Location Gautam Buddha Nagar, Gautam Buddha Nagar
City Gautam Buddha Nagar
District Gautam Buddha Nagar
State Uttar Pradesh
Pincode 201009
Country IN
Address Shop no 46,47 and 48,ground floor, greenaria commercial, panchsheel screen, sector 16b ,greater noida west-201009
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 Noida Sector Sixteen B 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, Noida Sector Sixteen B branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Noida Sector Sixteen B branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Maharashtra are available with micr code -

>>Noida Sector Sixteen B >>Surajpur Greater Noida

MICR code for Bank Of Maharashtra Noida Sector Sixteen B

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 Noida Sector Sixteen B 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 Noida Sector Sixteen B branch. MICR code for Noida Sector Sixteen B 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 Noida Sector Sixteen B is presented in the table alongside.

Use of Maharashtra Bank MICR code for Noida Sector Sixteen B branch in gautam buddha nagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Noida Sector Sixteen B 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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