Bank Of Maharashtra Karad Satara Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Karad Satara Maharashtra

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MICR Code	-NA-
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	Saidapur
Contact	Shri.Prabhune R S Shri.Prabhune R S 02164-271017 Bom551@mahabank.Co.In
Bank Details	Bank Of Maharashtra Saidapur MAHB0000551

Location	Karad, Satara
City	Karad
District	Satara
State	Maharashtra
Pincode	415124
Country	IN
Address	Opp. Sgm college vidyanagar, saidapur karad

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

A total of 4 branches of Bank Of Maharashtra are available with micr code -

>>Karad >>Karve Naka >>Malkapur >>Saidapur

MICR code for Bank Of Maharashtra Saidapur

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

Use of Maharashtra Bank MICR code for Saidapur branch in karad

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