Bank Of Maharashtra Wakadi Ahmednagar Maharashtra MICR CODE

Find MICR Codes for Bank Of Maharashtra Wakadi Ahmednagar Maharashtra

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wakadi
Contact 02422-256453
Bank Details Bank Of Maharashtra Wakadi MAHB0000872
Location Wakadi, Ahmednagar
City Wakadi
District Ahmednagar
State Maharashtra
Pincode 413719
Country IN
Address Wakadi tq.srirampur dist.ahmadnagar pin 413719
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.

Search Bank Of Maharashtra MICR Codes in ahmednagar

You can search through MICR Codes of Maharashtra branches in wakadi of District ahmednagar in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Wakadi

How to find MICR codes for Bank Of Maharashtra in wakadi?

Bank Of Maharashtra wakadi MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Maharashtra Bank MICR codes list for wakadi, one can further search by branch name specified in the table. You can find MICR codes for all Bank Of Maharashtra wakadi branches.

Maharashtra Bank MICR code in wakadi

Bank Of Maharashtra MICR code is a character recognition technology used by banks in the processing of cheques. Maharashtra Bank MICR code for wakadi branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Mahabank branches in wakadi, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Mahabank MICR code for wakadi branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Bank Of Maharashtra wakadi branch, sprinted 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. Thus MICR code for Maharashtra Bank wakadi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahabank MICR codes for wakadi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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