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Allahabad Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Allahabad Bank Madurai Madurai Tamil Nadu

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kochadai Madurai
Contact Dharmendra Kumar P O, 8122429816, Vijayavel , Manager, 8608402623
Bank Details Allahabad Bank Kochadai Madurai ALLA0212924
Location Madurai, Madurai
City Madurai
District Madurai
State Tamil Nadu
Pincode 625010
Country IN
Address 2 by 3 g v towers,opp penner india,nr passport office,melakkal main road, kochadai, madurai,tamilnadu,pin-625010
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 625010006 for Kochadai Madurai 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 625010006 of Allahabad Bank, Kochadai Madurai branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Kochadai Madurai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Allahabad Bank are available with micr code -

>>Kochadai Madurai >>Madurai Annanagar >>Madurai Main >>T V S Nagar Madurai

MICR code for Allahabad Bank Kochadai Madurai

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 Kochadai Madurai 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. 625010006 is the MICR code of Allahabad Bank for Kochadai Madurai branch. MICR code for Kochadai Madurai 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 Kochadai Madurai is presented in the table alongside.

Use of Allahabad Bank MICR code for Kochadai Madurai branch in madurai

The MICR code 625010006 is used in RBI cheque clearing process to identify the branch Kochadai Madurai 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.