MICR Code Bank
Find MICR code for Mahanagar Bank branches in India for NEFT and RTGS transfer

Mahanagar Bank MICR CODE

Find MICR Codes for Mahanagar Bank

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  1. Mahanagar Co-Op Bank Ltd »
  2. Maharashtra »
  3. pune »
  4. pune »
  5. wagholi

Find MICR Codes for Mahanagar Bank

MICR Code: 411096102
Bank: Mahanagar Co-Op Bank Ltd
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Wagholi
Contact: (95-20) 2705 2349
Bank Details: Mahanagar Co-Op Bank Ltd Wagholi MCBL0960102
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411014
Country: IN
Address: Dr kolte's hospital, pune-nagar road, wagholi, pune-411014

How does MICR code for 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 of Mahanagar Co Op Bank, branch makes the system almost error free and faster. Use of Mahanagar Co Op Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 12 branches of Mahanagar Co-Op Bank Ltd are available with micr code

>>Alephata >>Bhosari >>Lohagaon >>Market Yard >>Navi Sangvi >>Pune >>Raviwar Peth >>Shirur >>Talwade >>Wagholi >>Wakad >>Yerawada

MICR code for Mahanagar Bank

Mahanagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Mahanagar Co Op Bank MICR code for 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. is the MICR code of Mahanagar Cooperative Bank for branch. MICR code for 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 Mahanagar Co Op Bank is presented in the table alongside.

Use of Mahanagar Co Op Bank MICR code for branch in pune

The MICR code is used in RBI cheque clearing process to identify the branch and Mahanagar Co Op 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 Mahanagar Cooperative Bank is typically in either of these two font’s: E-138 and CMC-7.