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Allahabad Bank Digwani Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Digwani Chhindwara Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	480010502
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nawada Bazar
Contact	Sri A.K.Nagvanshi, Sri D.D. Shiwesh, 07161-262137
Bank Details	Allahabad Bank Nawada Bazar ALLA0210938

Location	Digwani, Chhindwara
City	Digwani
District	Chhindwara
State	Madhya Pradesh
Pincode	480443
Country	IN
Address	Vill. & p.o. Dighawani dist. Chhindwara - 480 443, madhya pradesh, madhya pradesh

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 480010502 for Nawada Bazar 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 480010502 of Allahabad Bank, Nawada Bazar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Nawada Bazar 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 -

>>Nawada Bazar

MICR code for Allahabad Bank Nawada Bazar

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 Nawada Bazar 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. 480010502 is the MICR code of Allahabad Bank for Nawada Bazar branch. MICR code for Nawada Bazar 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 Nawada Bazar is presented in the table alongside.

Use of Allahabad Bank MICR code for Nawada Bazar branch in digwani

The MICR code 480010502 is used in RBI cheque clearing process to identify the branch Nawada Bazar 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.