Bank Of Maharashtra Narmadapuram Narmadapuram Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Narmadapuram Narmadapuram Madhya Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Pipariya
Contact 91-7880134266
Bank Details Bank Of Maharashtra Pipariya MAHB0002634
Location Narmadapuram, Narmadapuram
City Narmadapuram
District Narmadapuram
State Madhya Pradesh
Pincode 461775
Country IN
Address Ploy no 3/1, kh no 255/2, padamshree tiraha, panchmari road, pipariya, narmadapuram-461775
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 Pipariya 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, Pipariya branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Pipariya 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 -

>>Pipariya >>Seoni Malwa

MICR code for Bank Of Maharashtra Pipariya

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

Use of Maharashtra Bank MICR code for Pipariya branch in narmadapuram

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