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Allahabad Bank Medinipur Medinipur West Bengal MICR CODE

Find MICR Codes for Allahabad Bank Medinipur Medinipur West Bengal

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Hospet
Contact Sasanka Sekhar Mallick 03228-260405
Bank Details Allahabad Bank Hospet ALLA0212523
Location Medinipur, Medinipur
City Medinipur
District Medinipur
State West Bengal
Pincode
Country IN
Address Vill: babalpur, block-mahisadal-1 p.o.: sulochana dist-midnapore state: west bebgal
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 721010705 for Hospet 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 721010705 of Allahabad Bank, Hospet branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Hospet branch, makes the characters readable even if there are other marks and stamps on it.

A total of 11 branches of Allahabad Bank are available with micr code -

>>Balighai >>Dubda >>Gopalnagar >>Hanschara >>Hospet >>Kamarda >>Kum Chhindwara >>Maroli >>Radhamohanpur >>Sagar Sidhguan Nagar >>Shrikrisnapur

MICR code for Allahabad Bank Hospet

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 Hospet 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. 721010705 is the MICR code of Allahabad Bank for Hospet branch. MICR code for Hospet 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 Hospet is presented in the table alongside.

Use of Allahabad Bank MICR code for Hospet branch in medinipur

The MICR code 721010705 is used in RBI cheque clearing process to identify the branch Hospet 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.