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Allahabad Bank Raipur Raipur Chhattisgarh MICR CODE

Find MICR Codes for Allahabad Bank Raipur Raipur Chhattisgarh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Raipur
Contact Jahirudin Khan, 0771-2226648
Bank Details Allahabad Bank Raipur ALLA0210211
Location Raipur, Raipur
City Raipur
District Raipur
State Chhattisgarh
Pincode 492001
Country IN
Address Amrit sandesh complex, g e road, raipur-492001
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 492010002 for Raipur 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 492010002 of Allahabad Bank, Raipur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Raipur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 15 branches of Allahabad Bank are available with micr code -

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MICR code for Allahabad Bank Raipur

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 Raipur 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. 492010002 is the MICR code of Allahabad Bank for Raipur branch. MICR code for Raipur 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 Raipur is presented in the table alongside.

Use of Allahabad Bank MICR code for Raipur branch in raipur

The MICR code 492010002 is used in RBI cheque clearing process to identify the branch Raipur 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.