Allahabad Bank Bastar Bastar Chandigarh MICR CODE

Find MICR Codes for Allahabad Bank Bastar Bastar Chandigarh

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MICR Code	494010503
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Icchapur
Contact	9907686955
Bank Details	Allahabad Bank Icchapur ALLA0213504

Location	Bastar, Bastar
City	Bastar
District	Bastar
State	Chandigarh
Pincode	494223
Country	IN
Address	Vill-icchapur, po-retawand, tehsil and block bastar pin-494223

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 494010503 for Icchapur 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 494010503 of Allahabad Bank, Icchapur branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Icchapur 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 -

>>Icchapur

MICR code for Allahabad Bank Icchapur

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 Icchapur 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. 494010503 is the MICR code of Allahabad Bank for Icchapur branch. MICR code for Icchapur 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 Icchapur is presented in the table alongside.

Use of Allahabad Bank MICR code for Icchapur branch in bastar

The MICR code 494010503 is used in RBI cheque clearing process to identify the branch Icchapur 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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