Allahabad Bank Bhopal Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Bhopal Bhopal Madhya Pradesh

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MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gautam Nagar Bhopal
Contact Sh. Pankaj Choubey, 9425079295, Ms. Poonam Santani
Bank Details Allahabad Bank Gautam Nagar Bhopal ALLA0212839
Location Bhopal, Bhopal
City Bhopal
District Bhopal
State Madhya Pradesh
Pincode 462023
Country IN
Address M.p. Housing board office complex,block -c , gautam nagar, bhopal-462023
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 462010023 for Gautam Nagar Bhopal 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 462010023 of Allahabad Bank, Gautam Nagar Bhopal branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Gautam Nagar Bhopal branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Gautam Nagar Bhopal

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 Gautam Nagar Bhopal 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. 462010023 is the MICR code of Allahabad Bank for Gautam Nagar Bhopal branch. MICR code for Gautam Nagar Bhopal 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 Gautam Nagar Bhopal is presented in the table alongside.

Use of Allahabad Bank MICR code for Gautam Nagar Bhopal branch in bhopal

The MICR code 462010023 is used in RBI cheque clearing process to identify the branch Gautam Nagar Bhopal 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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