SBI Allahabad Allahabad Uttar Pradesh MICR CODE

Find MICR Codes for SBI Allahabad Allahabad Uttar Pradesh

MICR Code
Bank State Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch University Branch Allahabas
Contact 0532-2460385 0532-2460485 Ip-351411
Bank Details State Bank Of India University Branch Allahabas SBIN0001621
Location Allahabad, Allahabad
City Allahabad
District Allahabad
State Uttar Pradesh
Pincode 211002
Country IN
Address Allahabad,pin.211002,u.p.
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 211002003 for University Branch Allahabas 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 211002003 of State Bank Of India, University Branch Allahabas branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for University Branch Allahabas branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for SBI University Branch Allahabas

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for University Branch Allahabas 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. 211002003 is the MICR code of SBI Bank for University Branch Allahabas branch. MICR code for University Branch Allahabas 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 State Bank Of India University Branch Allahabas is presented in the table alongside.

Use of State Bank Of India MICR code for University Branch Allahabas branch in allahabad

The MICR code 211002003 is used in RBI cheque clearing process to identify the branch University Branch Allahabas and State Bank Of India 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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