Allahabad Bank Jaitu Faridkot Punjab MICR CODE

Find MICR Codes for Allahabad Bank Jaitu Faridkot Punjab

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MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Jaitu
Contact Mr. Arvind Yadav - 9316818784 Mr. Deep Chand - 9988556131
Bank Details Allahabad Bank Jaitu ALLA0212737
Location Jaitu, Faridkot
City Jaitu
District Faridkot
State Punjab
Pincode 151202
Country IN
Address Allahabad bank, kotkapura road, near bus stand, jaitu-151202dist;faridkot, punjab
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 151010502 for Jaitu 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 151010502 of Allahabad Bank, Jaitu branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Jaitu 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 -

>>Jaitu

MICR code for Allahabad Bank Jaitu

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 Jaitu 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. 151010502 is the MICR code of Allahabad Bank for Jaitu branch. MICR code for Jaitu 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 Jaitu is presented in the table alongside.

Use of Allahabad Bank MICR code for Jaitu branch in jaitu

The MICR code 151010502 is used in RBI cheque clearing process to identify the branch Jaitu 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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