Bank of Maharashtra Shahu Chowk Latur
Shahu Chowk Latur · Latur, Maharashtra
413014018 is the MICR code for the Shahu Chowk Latur branch of Bank of Maharashtra, located in Latur, Maharashtra. MICR codes are printed on cheque leaves and used by the RBI's Cheque Truncation System (CTS) for cheque clearing. For online transfers, use the IFSC code MAHB0001133.
Bank
Bank of Maharashtra
Branch & Address
Shahu Chowk Latur
Eagle Building, Shahu Chowk, Latur, Dist. - Latur, Maharashtra - 413512
Latur, Latur, Maharashtra
Contact
+919172821133MICR Code Structure
413
City
014
Bank
018
Branch
City code 413 identifies the RBI clearing centre, bank code 014 identifies Bank of Maharashtra, and branch code 018 identifies this specific branch.
Online Payment Methods Supported
Other Bank of Maharashtra branches near Latur
Other banks in Latur, Maharashtra
About MICR Codes
What is a MICR code used for?
MICR (Magnetic Ink Character Recognition) codes are printed on cheque leaves using special magnetic ink. They are read by cheque processing machines and used by the RBI's Cheque Truncation System (CTS) to process and clear cheque payments between banks. Each MICR code uniquely identifies a bank branch for cheque clearing purposes.
MICR vs IFSC — when do I use which?
Use MICR when paying by cheque — it's already printed on your cheque leaf and used automatically during clearing. Use IFSC (MAHB0001133) when making online transfers via NEFT, RTGS, IMPS, or UPI — banks ask for IFSC when you add a beneficiary for online payments.
Where is the MICR code on a cheque?
The MICR code is printed at the bottom of every cheque leaf in a distinctive machine-readable font, using magnetic ink. It appears in the centre of the three numbers at the bottom — the cheque number is on the left, the MICR code 413014018 is in the middle, and your account number is on the right.