Let Others Know

Allahabad Bank Sagar Sagar Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Sagar Sagar Madhya Pradesh

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khairpur
Contact Sri Pankaj Choubey, Sri Sanat Kumar Jain, 07582-230493
Bank Details Allahabad Bank Khairpur ALLA0211438
Location Sagar, Sagar
City Sagar
District Sagar
State Madhya Pradesh
Pincode 464881
Country IN
Address Jyoti nagar, makronia, p.o. Makronia distt. Sagar, madhya pradesh
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 470010002 for Khairpur 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 470010002 of Allahabad Bank, Khairpur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Khairpur 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 -

>>Khairpur >>Sagar >>Tilli Road

MICR code for Allahabad Bank Khairpur

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 Khairpur 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. 470010002 is the MICR code of Allahabad Bank for Khairpur branch. MICR code for Khairpur 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 Khairpur is presented in the table alongside.

Use of Allahabad Bank MICR code for Khairpur branch in sagar

The MICR code 470010002 is used in RBI cheque clearing process to identify the branch Khairpur 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.