Allahabad Bank Devendra Nagar Panna Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Devendra Nagar Panna Madhya Pradesh

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MICR Code	488010501
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Devendra Nagar
Contact	Sri Dinesh Singh,Manager, 09425374537, Sri Prince Nagpal, Po, 09752068555
Bank Details	Allahabad Bank Devendra Nagar ALLA0212721

Location	Devendra Nagar, Panna
City	Devendra Nagar
District	Panna
State	Madhya Pradesh
Pincode	488333
Country	IN
Address	Allahabad bank ,infront of forest office,devendra nagar ,district,panna,m p,pin-488333

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 488010501 for Devendra Nagar 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 488010501 of Allahabad Bank, Devendra Nagar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Devendra Nagar 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 -

>>Devendra Nagar

MICR code for Allahabad Bank Devendra Nagar

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 Devendra Nagar 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. 488010501 is the MICR code of Allahabad Bank for Devendra Nagar branch. MICR code for Devendra Nagar 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 Devendra Nagar is presented in the table alongside.

Use of Allahabad Bank MICR code for Devendra Nagar branch in devendra nagar

The MICR code 488010501 is used in RBI cheque clearing process to identify the branch Devendra Nagar 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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