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Allahabad Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Allahabad Bank Delhi Delhi New Delhi

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch New Friends Colony
Contact R.K Aggarwal,Sahai 011-26929431
Bank Details Allahabad Bank New Friends Colony ALLA0212460
Location Delhi, Delhi
City Delhi
District Delhi
State New Delhi
Pincode 110025
Country IN
Address 55, ishwar nagar opp new friends colony,hathwa road ,new delhi
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 110010074 for New Friends Colony 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 110010074 of Allahabad Bank, New Friends Colony branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for New Friends Colony branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank New Friends Colony

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 New Friends Colony 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. 110010074 is the MICR code of Allahabad Bank for New Friends Colony branch. MICR code for New Friends Colony 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 New Friends Colony is presented in the table alongside.

Use of Allahabad Bank MICR code for New Friends Colony branch in delhi

The MICR code 110010074 is used in RBI cheque clearing process to identify the branch New Friends Colony 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.