Allahabad Bank Borsi Raipur Chhattisgarh MICR CODE

Find MICR Codes for Allahabad Bank Borsi Raipur Chhattisgarh

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MICR Code	492010501
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Borsi
Contact	M.P. Singh, R.K.Nayak, 9826139140
Bank Details	Allahabad Bank Borsi ALLA0211653

Location	Borsi, Raipur
City	Borsi
District	Raipur
State	Chhattisgarh
Pincode	493335
Country	IN
Address	At/po kasdol, dist. Raipur,pin - 493335

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 492010501 for Borsi 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 492010501 of Allahabad Bank, Borsi branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Borsi 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 -

>>Borsi

MICR code for Allahabad Bank Borsi

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 Borsi 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. 492010501 is the MICR code of Allahabad Bank for Borsi branch. MICR code for Borsi 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 Borsi is presented in the table alongside.

Use of Allahabad Bank MICR code for Borsi branch in borsi

The MICR code 492010501 is used in RBI cheque clearing process to identify the branch Borsi 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.

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