Let Others Know

Allahabad Bank Paradeep Paradeep Orissa MICR CODE

Find MICR Codes for Allahabad Bank Paradeep Paradeep Orissa

Bank
State
District
City
Branch
Address

MICR Code	754010003
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paradip Port Trust
Contact	Jaganath Barik, 9777521521
Bank Details	Allahabad Bank Paradip Port Trust ALLA0212485

Location	Paradeep, Paradeep
City	Paradeep
District	Paradeep
State	Orissa
Pincode	754145
Country	IN
Address	Paradeep port trust, central documentation center, paradeep

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 754010003 for Paradip Port Trust 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 754010003 of Allahabad Bank, Paradip Port Trust branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Paradip Port Trust 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 -

>>Paradip Port Trust

MICR code for Allahabad Bank Paradip Port Trust

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 Paradip Port Trust 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. 754010003 is the MICR code of Allahabad Bank for Paradip Port Trust branch. MICR code for Paradip Port Trust 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 Paradip Port Trust is presented in the table alongside.

Use of Allahabad Bank MICR code for Paradip Port Trust branch in paradeep

The MICR code 754010003 is used in RBI cheque clearing process to identify the branch Paradip Port Trust 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.