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Allahabad Bank Visakhapatnam Visakhapatnam Andhra Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Visakhapatnam Visakhapatnam Andhra Pradesh

Bank
State
District
City
Branch
Address

MICR Code	530010005
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mvp Colony
Contact	9949936475
Bank Details	Allahabad Bank Mvp Colony ALLA0213475

Location	Visakhapatnam, Visakhapatnam
City	Visakhapatnam
District	Visakhapatnam
State	Andhra Pradesh
Pincode	530017
Country	IN
Address	Plot no-11,sector-3,mig-i,mvp colony,visakhapatnam-530017

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 530010005 for Mvp Colony 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 530010005 of Allahabad Bank, Mvp Colony branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Mvp Colony 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 -

>>Mvp Colony

MICR code for Allahabad Bank Mvp Colony

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 Mvp Colony 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. 530010005 is the MICR code of Allahabad Bank for Mvp Colony branch. MICR code for Mvp Colony 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 Mvp Colony is presented in the table alongside.

Use of Allahabad Bank MICR code for Mvp Colony branch in visakhapatnam

The MICR code 530010005 is used in RBI cheque clearing process to identify the branch Mvp Colony 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.