Bank Of Maharashtra Waraseoni Balaghat Madhya Pradesh MICR CODE

Find MICR Codes for Bank Of Maharashtra Waraseoni Balaghat Madhya Pradesh

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MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Waraseoni
Contact 07633-253011
Bank Details Bank Of Maharashtra Waraseoni MAHB0000848
Location Waraseoni, Balaghat
City Waraseoni
District Balaghat
State Madhya Pradesh
Pincode 481331
Country IN
Address Sanchetti bhawan, 1st floor, nehru chowk, waraseoni pin-481331
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 Waraseoni 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, Waraseoni branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Waraseoni 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 -

>>Waraseoni

MICR code for Bank Of Maharashtra Waraseoni

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

Use of Maharashtra Bank MICR code for Waraseoni branch in waraseoni

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