Let Others Know
×
LinkedIn
Email
WhatsApp

Allahabad Bank Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Varanasi Varanasi Uttar Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Varanasi
Contact Akhilesh Srivastava, Kumar Nivesh, 05424-20169
Bank Details Allahabad Bank Varanasi ALLA0210092
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221001
Country IN
Address Post box no 1133, varanasi-221001
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 221010002 for Varanasi 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 221010002 of Allahabad Bank, Varanasi branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Varanasi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Varanasi

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 Varanasi 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. 221010002 is the MICR code of Allahabad Bank for Varanasi branch. MICR code for Varanasi 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 Varanasi is presented in the table alongside.

Use of Allahabad Bank MICR code for Varanasi branch in varanasi

The MICR code 221010002 is used in RBI cheque clearing process to identify the branch Varanasi 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.