MICR Code Bank
Find MICR code for Allahabad Bank branches in India for NEFT and RTGS transfer

Allahabad Bank MICR CODE

Find MICR Codes for Allahabad Bank

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  1. Allahabad Bank »
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  5. paradip port trust

Find MICR Codes for Allahabad Bank

MICR Code: 754010003
Bank: Allahabad Bank
Business Hours:
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

How does MICR code for 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 of Allahabad Bank, branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for 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

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

Use of Allahabad Bank MICR code for branch in paradeep

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