Bank Of Maharashtra Virar Thane Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Virar Thane Maharashtra

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MICR Code	400014096
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	Virar
Contact	Smt Datar C S, Matkar L M
Bank Details	Bank Of Maharashtra Virar MAHB0000094

Location	Virar, Thane
City	Virar
District	Thane
State	Maharashtra
Pincode	401303
Country	IN
Address	Gram panchayat bldg, agashi rd, near rly stn, virar 401303

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 400014096 for Virar 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 400014096 of Maharashtra Bank, Virar branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Virar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Bank Of Maharashtra are available with micr code -

>>Virar >>Virar East

MICR code for Bank Of Maharashtra Virar

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 Virar 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. 400014096 is the MICR code of Mahabank for Virar branch. MICR code for Virar 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 Virar is presented in the table alongside.

Use of Maharashtra Bank MICR code for Virar branch in virar

The MICR code 400014096 is used in RBI cheque clearing process to identify the branch Virar 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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