Maharashtra State Co Op Bank Yavatmal Yavatmal Maharashtra MICR CODE

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

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MICR Code
Bank Maharashtra State Co-Op Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Yavatmal
Contact
Bank Details Maharashtra State Co-Op Bank Yavatmal MSCI0082067
Location Yavatmal, Yavatmal
City Yavatmal
District Yavatmal
State Maharashtra
Pincode 445001
Country IN
Address Shop no 4 and 5 sarode complex datta chowk yavatmal -445001
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 Yavatmal 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 Maharashtra State Co Operative Bank, Yavatmal branch makes the system almost error free and faster. Use of Maharashtra State Co Operative Bank MICR codes for Yavatmal 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 -

>>Yavatmal

MICR code for Maharashtra State Co Op Bank Yavatmal

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 Yavatmal 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 State Co Op Bank for Yavatmal branch. MICR code for Yavatmal 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 Yavatmal is presented in the table alongside.

Use of Maharashtra State Co Operative Bank MICR code for Yavatmal branch in yavatmal

The MICR code 0 is used in RBI cheque clearing process to identify the branch Yavatmal 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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