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Allahabad Bank Silao Nalanda Bihar MICR CODE

Find MICR Codes for Allahabad Bank Silao Nalanda Bihar

Bank
State
District
City
Branch
Address

MICR Code	803010503
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Silao
Contact	Md. Asghar Jamali, Atul Kumar, 9334953966
Bank Details	Allahabad Bank Silao ALLA0210636

Location	Silao, Nalanda
City	Silao
District	Nalanda
State	Bihar
Pincode	803117
Country	IN
Address	Vill. & p.o. Silao, dist- nalanda -803117

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 803010503 for Silao 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 803010503 of Allahabad Bank, Silao branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Silao 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 -

>>Silao

MICR code for Allahabad Bank Silao

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 Silao 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. 803010503 is the MICR code of Allahabad Bank for Silao branch. MICR code for Silao 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 Silao is presented in the table alongside.

Use of Allahabad Bank MICR code for Silao branch in silao

The MICR code 803010503 is used in RBI cheque clearing process to identify the branch Silao 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.