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Allahabad Bank Panna Panna Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Panna Panna Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panna
Contact V V Das,Naval Kishore,07732-252083
Bank Details Allahabad Bank Panna ALLA0210821
Location Panna, Panna
City Panna
District Panna
State Madhya Pradesh
Pincode 486001
Country IN
Address Bada bazar, panna dist. Panna - 486 001 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.

Search Allahabad Bank MICR Codes in panna

You can search through MICR Codes of Madhya Pradesh branches in panna of District panna in Madhya Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

Allahabad Bank branches with micr codes are available in 2 cities-

>>Devendra Nagar >>Panna

How to find MICR codes for Allahabad Bank in panna?

Allahabad Bank panna MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Allahabad Bank MICR codes list for panna, one can further search by branch name specified in the table. You can find MICR codes for all Allahabad Bank panna branches.

Allahabad Bank MICR code in panna

Allahabad Bank MICR code is a character recognition technology used by banks in the processing of cheques. Allahabad Bank MICR code for panna branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Allahabad Bank branches in panna, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Allahabad Bank MICR code for panna branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Allahabad Bank panna branch, sprinted 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. Thus MICR code for Allahabad Bank panna branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Allahabad Bank MICR codes for panna branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!