Allahabad Bank Alwar Alwar Rajasthan MICR CODE

Find MICR Codes for Allahabad Bank Alwar Alwar Rajasthan

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MICR Code	301010502
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nagla Raisis
Contact	Sh. Suresh Chand Sharma (Manager), 9414973457, Sh. Hemant Soni, 7737748561
Bank Details	Allahabad Bank Nagla Raisis ALLA0212637

Location	Alwar, Alwar
City	Alwar
District	Alwar
State	Rajasthan
Pincode	301001
Country	IN
Address	Village nagla raisis, katoriwala tibara, opposite hp petrol pump, distt. Alwar, rajasthan – 301001

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 301010502 for Nagla Raisis 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 301010502 of Allahabad Bank, Nagla Raisis branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Nagla Raisis branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Allahabad Bank are available with micr code -

>>Alwar >>Nagla Raisis

MICR code for Allahabad Bank Nagla Raisis

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 Nagla Raisis 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. 301010502 is the MICR code of Allahabad Bank for Nagla Raisis branch. MICR code for Nagla Raisis 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 Nagla Raisis is presented in the table alongside.

Use of Allahabad Bank MICR code for Nagla Raisis branch in alwar

The MICR code 301010502 is used in RBI cheque clearing process to identify the branch Nagla Raisis 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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