Maharashtra State Co Op Bank Nanded Nanded Maharashtra MICR CODE

Find MICR Codes for Maharashtra State Co Op Bank Nanded Nanded Maharashtra

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MICR Code	431082101
Bank	Maharashtra State Co-Op Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nanded
Contact	286919
Bank Details	Maharashtra State Co-Op Bank Nanded MSCI0082044

Location	Nanded, Nanded
City	Nanded
District	Nanded
State	Maharashtra
Pincode	431605
Country	IN
Address	Plot no. 180, vasantnagar, near sharadanagar bus stop, nanded 431605

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 431082101 for Nanded 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 431082101 of Maharashtra State Co Operative Bank, Nanded branch makes the system almost error free and faster. Use of Maharashtra State Co Operative Bank MICR codes for Nanded branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Maharashtra State Co-Op Bank are available with micr code -

>>Nanded

MICR code for Maharashtra State Co Op Bank Nanded

Maharashtra State Co Op Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra State Co Operative Bank MICR code for Nanded 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. 431082101 is the MICR code of Maharashtra State Co Op Bank for Nanded branch. MICR code for Nanded 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 Maharashtra State Co Operative Bank Nanded is presented in the table alongside.

Use of Maharashtra State Co Operative Bank MICR code for Nanded branch in nanded

The MICR code 431082101 is used in RBI cheque clearing process to identify the branch Nanded and Maharashtra State Co Operative 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 State Co Op Bank is typically in either of these two font’s: E-138 and CMC-7.

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