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Allahabad Bank Chhindwara Chhindwara Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Chhindwara Chhindwara Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Purna
Contact Sri S.K.Manwatkar, Sri Bhanu Pratap Chandravanshi, 07162-239839
Bank Details Allahabad Bank Purna ALLA0211553
Location Chhindwara, Chhindwara
City Chhindwara
District Chhindwara
State Madhya Pradesh
Pincode 480001
Country IN
Address Krishi upaj mandi samiti, kushmeli, dist. Chhindwara, 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 480010506 for Purna 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 480010506 of Allahabad Bank, Purna branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Purna branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Allahabad Bank are available with micr code -

>>Chhindwara >>Purna

MICR code for Allahabad Bank Purna

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 Purna 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. 480010506 is the MICR code of Allahabad Bank for Purna branch. MICR code for Purna 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 Purna is presented in the table alongside.

Use of Allahabad Bank MICR code for Purna branch in chhindwara

The MICR code 480010506 is used in RBI cheque clearing process to identify the branch Purna 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.