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Allahabad Bank Ludhiana Raikot Punjab MICR CODE

Find MICR Codes for Allahabad Bank Ludhiana Raikot Punjab

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raikot
Contact 9417551519
Bank Details Allahabad Bank Raikot ALLA0213459
Location Ludhiana, Raikot
City Ludhiana
District Raikot
State Punjab
Pincode 141109
Country IN
Address Malerkotla highway, near hari singh nalwa chowk, raikot, distt-ludhiana,punjab-141109
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.

Search Allahabad Bank MICR Codes in raikot

You can search through MICR Codes of Punjab branches in ludhiana of District raikot in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

Allahabad Bank branches with micr codes are available in 1 cities-

>>Ludhiana

How to find MICR codes for Allahabad Bank in ludhiana?

Allahabad Bank ludhiana MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Allahabad Bank MICR codes list for ludhiana, one can further search by branch name specified in the table. You can find MICR codes for all Allahabad Bank ludhiana branches.

Allahabad Bank MICR code in ludhiana

Allahabad Bank MICR code is a character recognition technology used by banks in the processing of cheques. Allahabad Bank MICR code for ludhiana branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Allahabad Bank branches in ludhiana, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Allahabad Bank MICR code for ludhiana branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Allahabad Bank ludhiana branch, sprinted 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. Thus MICR code for Allahabad Bank ludhiana branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Allahabad Bank MICR codes for ludhiana branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!