Maharashtra Gramin Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Maharashtra Gramin Bank Aurangabad Aurangabad Maharashtra

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MICR Code	-NA-
Bank	Maharashtra Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Virtual Branch
Contact	2476139
Bank Details	Maharashtra Gramin Bank Virtual Branch MAHG0099922

Location	Aurangabad, Aurangabad
City	Aurangabad
District	Aurangabad
State	Maharashtra
Pincode	431005
Country	IN
Address	At jeevanshree plot no 35 sector g town centre cidco aurangabad maharashtra 431005

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 Virtual Branch 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 Maha Gramin Bank, Virtual Branch branch makes the system almost error free and faster. Use of Maha Gramin Bank MICR codes for Virtual Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Maharashtra Gramin Bank are available with micr code -

>>Golwadi >>Harsul >>Head Office >>Regional Office Aurangabad >>Service Center >>Virtual Branch

MICR code for Maharashtra Gramin Bank Virtual Branch

Maharashtra Gramin Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maha Gramin Bank MICR code for Virtual Branch 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 Maharashtra Gramin Bank for Virtual Branch branch. MICR code for Virtual Branch 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 Maha Gramin Bank Virtual Branch is presented in the table alongside.

Use of Maha Gramin Bank MICR code for Virtual Branch branch in aurangabad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Virtual Branch and Maha Gramin 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 Maharashtra Gramin Bank is typically in either of these two font’s: E-138 and CMC-7.

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