Maharashtra Gramin Bank Osmanabad Wagholi Maharashtra MICR CODE

Find MICR Codes for Maharashtra Gramin Bank Osmanabad Wagholi Maharashtra

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MICR Code
Bank Maharashtra Gramin Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Wagholi
Contact 244500
Bank Details Maharashtra Gramin Bank Wagholi MAHG0004432
Location Osmanabad, Wagholi
City Osmanabad
District Wagholi
State Maharashtra
Pincode 413501
Country IN
Address At wagholi tq osmanabad dist osmanabad
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 413570659 for Wagholi 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 413570659 of Maha Gramin Bank, Wagholi branch makes the system almost error free and faster. Use of Maha Gramin Bank MICR codes for Wagholi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Maharashtra Gramin Bank are available with micr code -

>>Wagholi

MICR code for Maharashtra Gramin Bank Wagholi

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 Wagholi 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. 413570659 is the MICR code of Maharashtra Gramin Bank for Wagholi branch. MICR code for Wagholi 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 Wagholi is presented in the table alongside.

Use of Maha Gramin Bank MICR code for Wagholi branch in osmanabad

The MICR code 413570659 is used in RBI cheque clearing process to identify the branch Wagholi 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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