Bank Of Maharashtra Pimpode Bk Satara Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Pimpode Bk Satara Maharashtra

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pimpode Bk
Contact 2371-251230
Bank Details Bank Of Maharashtra Pimpode Bk MAHB0000293
Location Pimpode Bk, Satara
City Pimpode Bk
District Satara
State Maharashtra
Pincode 415525
Country IN
Address Kadam bldg. Pimpode bk., tal koregaon 415525
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 Pimpode Bk 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, Pimpode Bk branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Pimpode Bk 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 -

>>Pimpode Bk

MICR code for Bank Of Maharashtra Pimpode Bk

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 Pimpode Bk 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 Pimpode Bk branch. MICR code for Pimpode Bk 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 Pimpode Bk is presented in the table alongside.

Use of Maharashtra Bank MICR code for Pimpode Bk branch in pimpode bk

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