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You can search through MICR Codes of Mahanagar Co Op Bank in Mahanagar Bank State! Reserve Bank of India publishes updated MICR Codes for Mahanagar Cooperative Bank from time to time on their website, and we are doing our best in updating information of MICR Codes.
Mahanagar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. It is used to identify the bank branch to which the cheque belongs. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR technology speeds up the whole process compared to manual reading and sorting. MICR code for Mahanagar Co Op Bank is present at the bottom of every cheque leaf.
Mahanagar Bank MICR codes are given in the table alongside. Along with the MICR code, details like address and contact numbers are also provided. You can narrow down your search either by selecting any particular state from the drop down list or by selecting the state from Mahanagar Co Op Bank MICR codes list given on the right side. One can find MICR codes for all Mahanagar Cooperative Bank branches here.
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 fonts: E-138 and CMC-7. The MICR code allows the characters to be read reliably even if they are over-printed or concealed by stamps and signatures. This makes the system very efficient. This code is used By RBI (Reserve bank Of India) in clearing process to identify the branch and Mahanagar Bank