Bank of Maharashtra Nellore
Nellore · Sri Potti Sriramulu Nellore, Andhra Pradesh
524014002 is the MICR code for the Nellore branch of Bank of Maharashtra, located in Sri Potti Sriramulu Nellore, Andhra Pradesh. 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 MAHB0001345.
Bank
Bank of Maharashtra
Branch & Address
Nellore
Door no 2502-1474a, 1st Floor, Nelloreg.n.t. Road, Vedayapalem,
Sri Potti Sriramulu Nellore, Nellore, Andhra Pradesh
Contact
+919010831345MICR Code Structure
524
City
014
Bank
002
Branch
City code 524 identifies the RBI clearing centre, bank code 014 identifies Bank of Maharashtra, and branch code 002 identifies this specific branch.
Online Payment Methods Supported
Other Bank of Maharashtra branches near Sri Potti Sriramulu Nellore
Other banks in Sri Potti Sriramulu Nellore, Andhra Pradesh
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 (MAHB0001345) 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 524014002 is in the middle, and your account number is on the right.