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Allahabad Bank Nalgonda Nalgonda Andhra Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Nalgonda Nalgonda Andhra Pradesh

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nalgonda
Contact G Vinod Kumar 09440847204, Rahul George Verghese, 09000567497
Bank Details Allahabad Bank Nalgonda ALLA0212891
Location Nalgonda, Nalgonda
City Nalgonda
District Nalgonda
State Andhra Pradesh
Pincode 508001
Country IN
Address Opp.d.s.p.office,beside venkateshwara talkies, v.t.road, ramagiri,nalgonda-508001.
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 508010002 for Nalgonda 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 508010002 of Allahabad Bank, Nalgonda branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Nalgonda 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 -

>>Nalgonda

MICR code for Allahabad Bank Nalgonda

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 Nalgonda 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. 508010002 is the MICR code of Allahabad Bank for Nalgonda branch. MICR code for Nalgonda 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 Nalgonda is presented in the table alongside.

Use of Allahabad Bank MICR code for Nalgonda branch in nalgonda

The MICR code 508010002 is used in RBI cheque clearing process to identify the branch Nalgonda 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.