Bank Of Maharashtra Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Aurangabad Aurangabad Maharashtra

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MICR Code	431014016
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	Satara Parisar Aurangabad
Contact	0240- 2654151
Bank Details	Bank Of Maharashtra Satara Parisar Aurangabad MAHB0001400

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431005
Country	IN
Address	Opp. Indira gandhi military school, 7569, gat 144, beed-by-pass road, satara parisar,aurangabad-431005

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 431014016 for Satara Parisar Aurangabad 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 431014016 of Maharashtra Bank, Satara Parisar Aurangabad branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Satara Parisar Aurangabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Bank Of Maharashtra are available with micr code -

>>Asset Recovery Branch >>Aurangabad City >>Chikalthana >>Cidco Aurangabad >>Digital Banking Unit Aurangabad >>Garkheda >>J N E College Cidco Aurangabad >>Kranti Chowk Aurangabad >>Mill Corner >>Roshangate >>Saraswati Bhuvan Aurangabad >>Satara Parisar Aurangabad >>Sawarkar Chowk Aurangabad >>Service Branch Aurangabad >>Shg Aurangabad >>Station Road Aurangabad >>T V Centre Hudco Aurangabad >>Town Centre Cidco >>University Branch

MICR code for Bank Of Maharashtra Satara Parisar Aurangabad

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 Satara Parisar Aurangabad 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. 431014016 is the MICR code of Mahabank for Satara Parisar Aurangabad branch. MICR code for Satara Parisar Aurangabad 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 Satara Parisar Aurangabad is presented in the table alongside.

Use of Maharashtra Bank MICR code for Satara Parisar Aurangabad branch in aurangabad

The MICR code 431014016 is used in RBI cheque clearing process to identify the branch Satara Parisar Aurangabad 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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