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Allahabad Bank Magudanchavadi Salem Tamil Nadu MICR CODE

Find MICR Codes for Allahabad Bank Magudanchavadi Salem Tamil Nadu

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Magudanchavadi
Contact S Murugadas, Velavan, 04283-257713
Bank Details Allahabad Bank Magudanchavadi ALLA0210736
Location Magudanchavadi, Salem
City Magudanchavadi
District Salem
State Tamil Nadu
Pincode 637103
Country IN
Address Sankagiri main road,magudanchavadi, taluk - sankaridurg, district - salem, tamilnadu - 637 103
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 salem

You can search through MICR Codes of Tamil Nadu branches in magudanchavadi of District salem in Tamil Nadu 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 2 cities-

>>Magudanchavadi >>Sankari

How to find MICR codes for Allahabad Bank in magudanchavadi?

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

Allahabad Bank MICR code in magudanchavadi

Allahabad Bank MICR code is a character recognition technology used by banks in the processing of cheques. Allahabad Bank MICR code for magudanchavadi 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 magudanchavadi, 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 magudanchavadi 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 magudanchavadi 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 magudanchavadi branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Allahabad Bank MICR codes for magudanchavadi branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!