Bank Of Maharashtra Wadi Nagpur Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Wadi Nagpur Maharashtra

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MICR Code	440014035
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	Wadi
Contact	9960049083
Bank Details	Bank Of Maharashtra Wadi MAHB0001926

Location	Wadi, Nagpur
City	Wadi
District	Nagpur
State	Maharashtra
Pincode	440023
Country	IN
Address	Wadi branch, lalaji estate plot no 10 khasra no 27a, wadi, dist nagpur 440023

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 440014035 for Wadi 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 440014035 of Maharashtra Bank, Wadi branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Wadi 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 -

>>Wadi

MICR code for Bank Of Maharashtra Wadi

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 Wadi 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. 440014035 is the MICR code of Mahabank for Wadi branch. MICR code for Wadi 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 Wadi is presented in the table alongside.

Use of Maharashtra Bank MICR code for Wadi branch in wadi

The MICR code 440014035 is used in RBI cheque clearing process to identify the branch Wadi 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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