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Allahabad Bank Maqsudan Jalandhar Punjab MICR CODE

Find MICR Codes for Allahabad Bank Maqsudan Jalandhar Punjab

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Maqsudan
Contact P D Gahrotra, H L Pal,0181-2671872
Bank Details Allahabad Bank Maqsudan ALLA0210564
Location Maqsudan, Jalandhar
City Maqsudan
District Jalandhar
State Punjab
Pincode 144008
Country IN
Address G. T. Road ravidas nagar, maqsudan dist. Jalandhar punjab 144008
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 144010004 for Maqsudan 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 144010004 of Allahabad Bank, Maqsudan branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Maqsudan 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 -

>>Maqsudan

MICR code for Allahabad Bank Maqsudan

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 Maqsudan 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. 144010004 is the MICR code of Allahabad Bank for Maqsudan branch. MICR code for Maqsudan 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 Maqsudan is presented in the table alongside.

Use of Allahabad Bank MICR code for Maqsudan branch in maqsudan

The MICR code 144010004 is used in RBI cheque clearing process to identify the branch Maqsudan 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.