Allahabad Bank Gwalior Gwalior Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Gwalior Gwalior Madhya Pradesh

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MICR Code	474010001
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Gwalior
Contact	R K Sharma,S P Satwar,0751-2372064
Bank Details	Allahabad Bank Gwalior ALLA0210260

Location	Gwalior, Gwalior
City	Gwalior
District	Gwalior
State	Madhya Pradesh
Pincode	474001
Country	IN
Address	Sanatan dharam mandir marg dist. Gwalior madhya pradesh 474001

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 474010001 for Gwalior 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 474010001 of Allahabad Bank, Gwalior branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Gwalior branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Allahabad Bank are available with micr code -

>>Bimr >>Gwalior >>Gwalior Jiwaji Univ City Centr

MICR code for Allahabad Bank Gwalior

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 Gwalior 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. 474010001 is the MICR code of Allahabad Bank for Gwalior branch. MICR code for Gwalior 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 Gwalior is presented in the table alongside.

Use of Allahabad Bank MICR code for Gwalior branch in gwalior

The MICR code 474010001 is used in RBI cheque clearing process to identify the branch Gwalior 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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