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Allahabad Bank Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Gwalior Gwalior Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gwalior Jiwaji Univ City Centr
Contact M Kumar, B K Chaturvedi,0751-2341675
Bank Details Allahabad Bank Gwalior Jiwaji Univ City Centr ALLA0211871
Location Gwalior, Gwalior
City Gwalior
District Gwalior
State Madhya Pradesh
Pincode 474002
Country IN
Address 15 tagore nagar jiwaji university road, city center dist. Gwalior madhya pradesh 474002
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 474010002 for Gwalior Jiwaji Univ City Centr 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 474010002 of Allahabad Bank, Gwalior Jiwaji Univ City Centr branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Gwalior Jiwaji Univ City Centr branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Allahabad Bank are available with micr code -

>>Bimr >>Gwalior >>Gwalior Jiwaji Univ City Centr

MICR code for Allahabad Bank Gwalior Jiwaji Univ City Centr

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 Gwalior Jiwaji Univ City Centr 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. 474010002 is the MICR code of Allahabad Bank for Gwalior Jiwaji Univ City Centr branch. MICR code for Gwalior Jiwaji Univ City Centr 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 Gwalior Jiwaji Univ City Centr is presented in the table alongside.

Use of Allahabad Bank MICR code for Gwalior Jiwaji Univ City Centr branch in gwalior

The MICR code 474010002 is used in RBI cheque clearing process to identify the branch Gwalior Jiwaji Univ City Centr 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.