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Allahabad Bank Burhanpur Burhanpur Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Burhanpur Burhanpur Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Burhanpur
Contact 241181
Bank Details Allahabad Bank Burhanpur ALLA0213300
Location Burhanpur, Burhanpur
City Burhanpur
District Burhanpur
State Madhya Pradesh
Pincode 450331
Country IN
Address Burhanpur branch, allahabad bank, shankar shree complex, opp. Ankita talkies, near corporation bank, burhanpur, m.p.- 450331
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 450010001 for Burhanpur 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 450010001 of Allahabad Bank, Burhanpur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Burhanpur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Allahabad Bank are available with micr code -

>>Burhanpur

MICR code for Allahabad Bank Burhanpur

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 Burhanpur 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. 450010001 is the MICR code of Allahabad Bank for Burhanpur branch. MICR code for Burhanpur 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 Burhanpur is presented in the table alongside.

Use of Allahabad Bank MICR code for Burhanpur branch in burhanpur

The MICR code 450010001 is used in RBI cheque clearing process to identify the branch Burhanpur 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.