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Allahabad Bank Malerkotla Sangrur Punjab MICR CODE

Find MICR Codes for Allahabad Bank Malerkotla Sangrur Punjab

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malerkotla
Contact Mr. Jai Prakash : 90238-98022
Bank Details Allahabad Bank Malerkotla ALLA0212712
Location Malerkotla, Sangrur
City Malerkotla
District Sangrur
State Punjab
Pincode 148023
Country IN
Address The mall, opposite vikash bhawan, malerkotla raikot road, thandi sarak, malerkotla, sangrur,punjab pin - 148023
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 0 for Malerkotla 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 0 of Allahabad Bank, Malerkotla branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Malerkotla 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 Malerkotla

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 Malerkotla 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. 0 is the MICR code of Allahabad Bank for Malerkotla branch. MICR code for Malerkotla 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 Malerkotla is presented in the table alongside.

Use of Allahabad Bank MICR code for Malerkotla branch in malerkotla

The MICR code 0 is used in RBI cheque clearing process to identify the branch Malerkotla 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.