Mahanagar Bank Shirdi Ahmadnagar Maharashtra MICR CODE

Find MICR Codes for Mahanagar Bank Shirdi 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 Shirdi
Contact 022 24710821
Bank Details Mahanagar Co-Op Bank Ltd Shirdi MCBL0960063
Location Shirdi, Ahmadnagar
City Shirdi
District Ahmadnagar
State Maharashtra
Pincode 423109
Country IN
Address Cts no. 905, survey no. 5/7, muncipal house no. 1238/1, bhagchand apartments, shirdi, taluka. Rahuri, dist. Ahmednagar.
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 shirdi 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 -

>>Shirdi

How to find MICR codes for Mahanagar Bank in shirdi?

Mahanagar Bank shirdi 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 shirdi, one can further search by branch name specified in the table. You can find MICR codes for all Mahanagar Bank shirdi branches.

Mahanagar Co Op Bank MICR code in shirdi

Mahanagar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Mahanagar Co Op Bank MICR code for shirdi 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 shirdi, 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 shirdi 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 shirdi 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 shirdi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Mahanagar Cooperative Bank MICR codes for shirdi 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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