Bank Of Maharashtra Thane Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Thane Thane Maharashtra

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MICR Code	400014153
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	Shg Thane
Contact	Mrs N V Sahastrabudhe 9821319835
Bank Details	Bank Of Maharashtra Shg Thane MAHB0001556

Location	Thane, Thane
City	Thane
District	Thane
State	Maharashtra
Pincode	400604
Country	IN
Address	B - 37 mahabank bhavan 2nd floor wagle estate thane west - 400 604

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 400014153 for Shg Thane 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 400014153 of Maharashtra Bank, Shg Thane branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Shg Thane branch, makes the characters readable even if there are other marks and stamps on it.

A total of 24 branches of Bank Of Maharashtra are available with micr code -

>>Badlapur West >>Bassein >>Bhayander >>Brindavan Thane >>Dombivli East Dist Thane >>Dombivli West Dist Thane >>Ghodbunder Road >>Housing Finance Branch Thane >>Kalwa Thane >>Kasarvadavali >>Kausa Mumbra >>Kopri Colony Thane >>Mid Corporate Branch Thane >>Midc Ambernath >>Naupada Branch Thane >>Panchpakhadi Thane >>S S I Thane >>Shg Thane >>Shree Nagar Thane >>Station Road Thane >>T M C Thane >>Thakurli >>Tilaknagar Dombivali >>Vartak Nagar Thane

MICR code for Bank Of Maharashtra Shg Thane

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 Shg Thane 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. 400014153 is the MICR code of Mahabank for Shg Thane branch. MICR code for Shg Thane 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 Shg Thane is presented in the table alongside.

Use of Maharashtra Bank MICR code for Shg Thane branch in thane

The MICR code 400014153 is used in RBI cheque clearing process to identify the branch Shg Thane 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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