Bank Of Maharashtra Tamalwadi Osmanabad Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Tamalwadi Osmanabad Maharashtra

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tamalwadi
Contact 02471-265059
Bank Details Bank Of Maharashtra Tamalwadi MAHB0000718
Location Tamalwadi, Osmanabad
City Tamalwadi
District Osmanabad
State Maharashtra
Pincode 413623
Country IN
Address At post tamalwadi tal.tuljapur dist.osmanabad pin.413623
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 Tamalwadi 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, Tamalwadi branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Tamalwadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Bank Of Maharashtra are available with micr code -

>>Tamalwadi

MICR code for Bank Of Maharashtra Tamalwadi

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

Use of Maharashtra Bank MICR code for Tamalwadi branch in tamalwadi

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