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Allahabad Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Pune Pune Maharashtra

MICR Code:
Bank: Allahabad Bank
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Pune Sadashiv Peth
Contact: Mr. Jagannath Tripathy,Mr. S. Bali,95250-4455079
Bank Details: Allahabad Bank Pune Sadashiv Peth ALLA0210188
Location: Pune, Pune
City: Pune
District: Pune
State: Maharashtra
Pincode: 411030
Country: IN
Address: Seva sadan society building,laxmi road,613/14,sadashiv peth,pune-411030
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 411010002 for Pune Sadashiv Peth 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 411010002 of Allahabad Bank, Pune Sadashiv Peth branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Pune Sadashiv Peth branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Allahabad Bank are available with micr code -

>>Aundh >>Dhanori >>Manjari >>Nibm Kondwa >>P N P >>Pune Sadashiv Peth

MICR code for Allahabad Bank Pune Sadashiv Peth

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 Pune Sadashiv Peth 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. 411010002 is the MICR code of Allahabad Bank for Pune Sadashiv Peth branch. MICR code for Pune Sadashiv Peth 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 Pune Sadashiv Peth is presented in the table alongside.

Use of Allahabad Bank MICR code for Pune Sadashiv Peth branch in pune

The MICR code 411010002 is used in RBI cheque clearing process to identify the branch Pune Sadashiv Peth 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.