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Allahabad Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Allahabad Bank Chennai Chennai Tamil Nadu

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Chennai V P Colony
Contact S. Swaminathan,Dr. K. Taminarasan,044-28585641,28549262
Bank Details Allahabad Bank Chennai V P Colony ALLA0211291
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600002
Country IN
Address 40/41,mount road,chennai-600002
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 600010008 for Chennai V P Colony 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 600010008 of Allahabad Bank, Chennai V P Colony branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Chennai V P Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Chennai V P Colony

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 Chennai V P Colony 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. 600010008 is the MICR code of Allahabad Bank for Chennai V P Colony branch. MICR code for Chennai V P Colony 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 Chennai V P Colony is presented in the table alongside.

Use of Allahabad Bank MICR code for Chennai V P Colony branch in chennai

The MICR code 600010008 is used in RBI cheque clearing process to identify the branch Chennai V P Colony 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.