Bank of Maharashtra Deglur-lohia Maitan Road
Deglur-lohia Maitan Road · Nanded, Maharashtra
431014080 is the MICR code for the Deglur-lohia Maitan Road branch of Bank of Maharashtra, located in Nanded, 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 MAHB0000418.
Bank
Bank of Maharashtra
Branch & Address
Deglur-lohia Maitan Road
Vaishnav Complex , Lohia Maidan Road, Deglur 431717 Dist Nanded
Nanded, Deglur, Maharashtra
Contact
+919175060418MICR Code Structure
431
City
014
Bank
080
Branch
City code 431 identifies the RBI clearing centre, bank code 014 identifies Bank of Maharashtra, and branch code 080 identifies this specific branch.
Online Payment Methods Supported
Other Bank of Maharashtra branches near Nanded
Other banks in Nanded, 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 (MAHB0000418) 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 431014080 is in the middle, and your account number is on the right.