Bank Of Maharashtra Belgaum Belgaum Karnataka MICR CODE

Find MICR Codes for Bank Of Maharashtra Belgaum Belgaum Karnataka

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MICR Code	590014006
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	Udyam Baug Belgum
Contact	0831- 2440846
Bank Details	Bank Of Maharashtra Udyam Baug Belgum MAHB0001370

Location	Belgaum, Belgaum
City	Belgaum
District	Belgaum
State	Karnataka
Pincode	590008
Country	IN
Address	Orine building,khanapur road, udyambaug, belgaum -590008

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 590014006 for Udyam Baug Belgum 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 590014006 of Maharashtra Bank, Udyam Baug Belgum branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Udyam Baug Belgum branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Bank Of Maharashtra are available with micr code -

>>Angol >>Belgaum City >>Belgaum Tilakwadi >>Khasbaug Belgaum >>Sadashivnagar >>Udyam Baug Belgum

MICR code for Bank Of Maharashtra Udyam Baug Belgum

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 Udyam Baug Belgum 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. 590014006 is the MICR code of Mahabank for Udyam Baug Belgum branch. MICR code for Udyam Baug Belgum 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 Udyam Baug Belgum is presented in the table alongside.

Use of Maharashtra Bank MICR code for Udyam Baug Belgum branch in belgaum

The MICR code 590014006 is used in RBI cheque clearing process to identify the branch Udyam Baug Belgum 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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