Mahanagar Bank Sangamner Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Mahanagar Bank Sangamner Ahmadnagar Maharashtra

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MICR Code
Bank Mahanagar Co-Op Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sangamner
Contact
Bank Details Mahanagar Co-Op Bank Ltd Sangamner MCBL0960062
Location Sangamner, Ahmadnagar
City Sangamner
District Ahmadnagar
State Maharashtra
Pincode 422605
Country IN
Address Hotel karma bldg. Gr. Floor, gala no. 2 & 3, opp s. T. Stand. Sangamner. Dist. Ahmadnagar.
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 Mahanagar Bank MICR Codes in ahmadnagar

You can search through MICR Codes of Maharashtra branches in sangamner of District ahmadnagar 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 Mahanagar Co-Op Bank Ltd are available with micr code -

>>Sangamner

How to find MICR codes for Mahanagar Bank in sangamner?

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

Mahanagar Co Op Bank MICR code in sangamner

Mahanagar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Mahanagar Co Op Bank MICR code for sangamner 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 Mahanagar Cooperative Bank branches in sangamner, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Mahanagar Cooperative Bank MICR code for sangamner 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 Mahanagar Bank sangamner 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 Mahanagar Co Op Bank sangamner branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahanagar Cooperative Bank MICR codes for sangamner 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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