Let Others Know
×
LinkedIn
Email
WhatsApp

Allahabad Bank Satna Satna Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Satna Satna Madhya Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Tikar
Contact Anant Khare 93033-83790, Arvind Kumar 99263-25657
Bank Details Allahabad Bank Tikar ALLA0211455
Location Satna, Satna
City Satna
District Satna
State Madhya Pradesh
Pincode 485447
Country IN
Address Allahabad bank,vill&po tikar distt rewa
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 486010015 for Tikar 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 486010015 of Allahabad Bank, Tikar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Tikar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Tikar

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 Tikar 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. 486010015 is the MICR code of Allahabad Bank for Tikar branch. MICR code for Tikar 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 Tikar is presented in the table alongside.

Use of Allahabad Bank MICR code for Tikar branch in satna

The MICR code 486010015 is used in RBI cheque clearing process to identify the branch Tikar 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.