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Allahabad Bank Mandsaur Mandsaur Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Mandsaur Mandsaur Madhya Pradesh

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Mandsaur
Contact M K Gupta, Saurabh Kaushik, 07422-241020
Bank Details Allahabad Bank Mandsaur ALLA0212466
Location Mandsaur, Mandsaur
City Mandsaur
District Mandsaur
State Madhya Pradesh
Pincode 458001
Country IN
Address Tirupati plaza station rd,mandsaur,,madhya pradesh 458001
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 458010001 for Mandsaur 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 458010001 of Allahabad Bank, Mandsaur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Mandsaur 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 Mandsaur

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 Mandsaur 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. 458010001 is the MICR code of Allahabad Bank for Mandsaur branch. MICR code for Mandsaur 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 Mandsaur is presented in the table alongside.

Use of Allahabad Bank MICR code for Mandsaur branch in mandsaur

The MICR code 458010001 is used in RBI cheque clearing process to identify the branch Mandsaur 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.