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Allahabad Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Mumbai Mumbai Maharashtra

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Rpc Mumbai
Contact
Bank Details Allahabad Bank Rpc Mumbai ALLA0212245
Location Mumbai, Mumbai
City Mumbai
District Mumbai
State Maharashtra
Pincode 400005
Country IN
Address 2nd floor tower, t-4 arcade world trade centre mumbai 400005
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 0 for Rpc Mumbai 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 0 of Allahabad Bank, Rpc Mumbai branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Rpc Mumbai branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Rpc Mumbai

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 Rpc Mumbai 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. 0 is the MICR code of Allahabad Bank for Rpc Mumbai branch. MICR code for Rpc Mumbai 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 Rpc Mumbai is presented in the table alongside.

Use of Allahabad Bank MICR code for Rpc Mumbai branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Rpc Mumbai 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.