Bank Of Maharashtra Solapur Sholapur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Solapur Sholapur Maharashtra

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MICR Code	413014005
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	Sakhar Peth Solapur
Contact	S R Bheed
Bank Details	Bank Of Maharashtra Sakhar Peth Solapur MAHB0000464

Location	Solapur, Sholapur
City	Solapur
District	Sholapur
State	Maharashtra
Pincode	413005
Country	IN
Address	105,kondle bldg., sakharpeth,solapur 413005

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 413014005 for Sakhar Peth Solapur 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 413014005 of Maharashtra Bank, Sakhar Peth Solapur branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Sakhar Peth Solapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Bank Of Maharashtra are available with micr code -

>>Ashok Chowk >>Camp Solapur >>Civil Hospital >>Majerewadi >>Navi Peth Solapur >>Phaltan Galli Solapur >>Sakhar Peth Solapur >>Service Branch Solapur >>Station Road Solapur >>Twin Solapur >>Ujani Colony Solapur

MICR code for Bank Of Maharashtra Sakhar Peth Solapur

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 Sakhar Peth Solapur 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. 413014005 is the MICR code of Mahabank for Sakhar Peth Solapur branch. MICR code for Sakhar Peth Solapur 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 Sakhar Peth Solapur is presented in the table alongside.

Use of Maharashtra Bank MICR code for Sakhar Peth Solapur branch in solapur

The MICR code 413014005 is used in RBI cheque clearing process to identify the branch Sakhar Peth Solapur 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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