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Allahabad Bank Aurangabad Aurangabad Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Aurangabad Aurangabad Maharashtra

Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shendra
Contact Ms Rashmi Dongre, 9422114691, Ms Gauri Kulkarni, 9890469050
Bank Details Allahabad Bank Shendra ALLA0212631
Location Aurangabad, Aurangabad
City Aurangabad
District Aurangabad
State Maharashtra
Pincode 431008
Country IN
Address H/o. Sri ram bhausaheb shelke, plot no 24, vill/po-kubhephal,(shendra midc), aurangabad - jalna road, dist-aurangabad (maharashtra), pin code - 431008
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 431010005 for Shendra 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 431010005 of Allahabad Bank, Shendra branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Shendra 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 -

>>Aurangabad >>Shendra

MICR code for Allahabad Bank Shendra

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 Shendra 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. 431010005 is the MICR code of Allahabad Bank for Shendra branch. MICR code for Shendra 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 Shendra is presented in the table alongside.

Use of Allahabad Bank MICR code for Shendra branch in aurangabad

The MICR code 431010005 is used in RBI cheque clearing process to identify the branch Shendra 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.