Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Hyderabad Hyderabad Urban Andhra Pradesh

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MICR Code	500014008
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	Safilguda Hyderabad
Contact	Sanam R Reddy,B Ragavaiah 27242397-27243126 Bom955@mahabank.Co.In
Bank Details	Bank Of Maharashtra Safilguda Hyderabad MAHB0000955

Location	Hyderabad, Hyderabad Urban
City	Hyderabad
District	Hyderabad Urban
State	Andhra Pradesh
Pincode	500047
Country	IN
Address	R.k. Nagar, malkajgiri hyderabad - 500047

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 500014008 for Safilguda Hyderabad 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 500014008 of Maharashtra Bank, Safilguda Hyderabad branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Safilguda Hyderabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 13 branches of Bank Of Maharashtra are available with micr code -

>>Agri Hi Tech Hyderabad >>Basheerbagh Hyderabad >>Champapet Hyderabad >>Ecil Rd Kapra Hyderabad >>Jambagh Hyderabad >>Kachiguda Hyderabad >>Khairatabad Hyderabad >>Kothapet >>Kukatpally Hyderabad >>Safilguda Hyderabad >>Secunderabad Hyderabad >>Service Branch Hyderabad >>Sultan Bazar Hyderabad

MICR code for Bank Of Maharashtra Safilguda Hyderabad

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 Safilguda Hyderabad 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. 500014008 is the MICR code of Mahabank for Safilguda Hyderabad branch. MICR code for Safilguda Hyderabad 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 Safilguda Hyderabad is presented in the table alongside.

Use of Maharashtra Bank MICR code for Safilguda Hyderabad branch in hyderabad

The MICR code 500014008 is used in RBI cheque clearing process to identify the branch Safilguda Hyderabad 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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