Allahabad Bank Palanpur Banaskantha Gujarat MICR CODE

Find MICR Codes for Allahabad Bank Palanpur Banaskantha Gujarat

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palanpur
Contact Ashok Kumar,Amit Nandan,02742-253400
Bank Details Allahabad Bank Palanpur ALLA0212374
Location Palanpur, Banaskantha
City Palanpur
District Banaskantha
State Gujarat
Pincode 385001
Country IN
Address Shop no 54-58 sanskrup shopping mall, national highway, opp. To office, palanpur
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 385010001 for Palanpur 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 385010001 of Allahabad Bank, Palanpur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Palanpur 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 Palanpur

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 Palanpur 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. 385010001 is the MICR code of Allahabad Bank for Palanpur branch. MICR code for Palanpur 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 Palanpur is presented in the table alongside.

Use of Allahabad Bank MICR code for Palanpur branch in palanpur

The MICR code 385010001 is used in RBI cheque clearing process to identify the branch Palanpur 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.