Allahabad Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Kolhapur Kolhapur Maharashtra

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kolhapur
Contact V.D. Manjare, R.V. Belagali 0231-2652366
Bank Details Allahabad Bank Kolhapur ALLA0211041
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address Kanchan junga building,204e ward, new shahupuri,station road,kolhapur,maharashtra
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 416010002 for Kolhapur 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 416010002 of Allahabad Bank, Kolhapur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Kolhapur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Allahabad Bank are available with micr code -


MICR code for Allahabad Bank Kolhapur

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 Kolhapur 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. 416010002 is the MICR code of Allahabad Bank for Kolhapur branch. MICR code for Kolhapur 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 Kolhapur is presented in the table alongside.

Use of Allahabad Bank MICR code for Kolhapur branch in kolhapur

The MICR code 416010002 is used in RBI cheque clearing process to identify the branch Kolhapur 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.