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Allahabad Bank Nagpur Nagpur Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Nagpur Nagpur Maharashtra

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bajaj Nagar Nagpur
Contact R V Meshram - 09766911923, Shri Mukund Mudke Mob-09158921056
Bank Details Allahabad Bank Bajaj Nagar Nagpur ALLA0212832
Location Nagpur, Nagpur
City Nagpur
District Nagpur
State Maharashtra
Pincode 440010
Country IN
Address Plot no-7 , shradhanand peth , bajaj nagar , nagpur-440 010 , maharashtra
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 440010011 for Bajaj Nagar Nagpur 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 440010011 of Allahabad Bank, Bajaj Nagar Nagpur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Bajaj Nagar Nagpur branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Bajaj Nagar Nagpur

Allahabad Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Allahabad Bank MICR code for Bajaj Nagar Nagpur 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. 440010011 is the MICR code of Allahabad Bank for Bajaj Nagar Nagpur branch. MICR code for Bajaj Nagar Nagpur 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 Allahabad Bank Bajaj Nagar Nagpur is presented in the table alongside.

Use of Allahabad Bank MICR code for Bajaj Nagar Nagpur branch in nagpur

The MICR code 440010011 is used in RBI cheque clearing process to identify the branch Bajaj Nagar Nagpur and Allahabad 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 Allahabad Bank is typically in either of these two font’s: E-138 and CMC-7.