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Allahabad Bank Malout Muktsar Punjab MICR CODE

Find MICR Codes for Allahabad Bank Malout Muktsar Punjab

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Malout
Contact Mr.Lekhraj Meena - 9780186979
Bank Details Allahabad Bank Malout ALLA0212738
Location Malout, Muktsar
City Malout
District Muktsar
State Punjab
Pincode 152107
Country IN
Address Allahabad bank, near axis bank,national highway malaut-152107 dist: muktsar sahib,punjab
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 muktsar

You can search through MICR Codes of Punjab branches in malout of District muktsar 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 2 cities-

>>Giddar Baha >>Malout

How to find MICR codes for Allahabad Bank in malout?

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

Allahabad Bank MICR code in malout

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