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Allahabad Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Allahabad Bank Ludhiana Ludhiana Punjab

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Srinagar
Contact Sh R L Sarangal, Sh Shafi Bhat, 0194-2455700
Bank Details Allahabad Bank Srinagar ALLA0210621
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 190001
Country IN
Address Allahabad bank,above royal sweets, lal chowk, srinagar, jammu and kashmir,mpin:190001
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 190010002 for Srinagar 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 190010002 of Allahabad Bank, Srinagar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Srinagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Srinagar

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 Srinagar 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. 190010002 is the MICR code of Allahabad Bank for Srinagar branch. MICR code for Srinagar 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 Srinagar is presented in the table alongside.

Use of Allahabad Bank MICR code for Srinagar branch in ludhiana

The MICR code 190010002 is used in RBI cheque clearing process to identify the branch Srinagar 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.