Bank Of Maharashtra Pune Pune Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pune Pune Maharashtra

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MICR Code	411014103
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	Pashan
Contact	020-25870600
Bank Details	Bank Of Maharashtra Pashan MAHB0001384

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411021
Country	IN
Address	Sutar icon, pashan sus road pashan pune 411021

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 411014103 for Pashan 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 411014103 of Maharashtra Bank, Pashan branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Pashan branch, makes the characters readable even if there are other marks and stamps on it.

A total of 164 branches of Bank Of Maharashtra are available with micr code -

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MICR code for Bank Of Maharashtra Pashan

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 Pashan 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. 411014103 is the MICR code of Mahabank for Pashan branch. MICR code for Pashan 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 Pashan is presented in the table alongside.

Use of Maharashtra Bank MICR code for Pashan branch in pune

The MICR code 411014103 is used in RBI cheque clearing process to identify the branch Pashan 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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