Allahabad Bank Pune Pune Maharashtra MICR CODE

Find MICR Codes for Allahabad Bank Pune Pune Maharashtra

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MICR Code	411010005
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Nibm Kondwa
Contact	Yasdeep Bauskar, A G Kulkarni, 26855803
Bank Details	Allahabad Bank Nibm Kondwa ALLA0212052

Location	Pune, Pune
City	Pune
District	Pune
State	Maharashtra
Pincode	411048
Country	IN
Address	Sunshree plaza, nibm road, khunda khurd pune - 411 048 maharashtra

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 411010005 for Nibm Kondwa 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 411010005 of Allahabad Bank, Nibm Kondwa branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Nibm Kondwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Allahabad Bank are available with micr code -

>>Aundh >>Dhanori >>Manjari >>Nibm Kondwa >>P N P >>Pune Sadashiv Peth

MICR code for Allahabad Bank Nibm Kondwa

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 Nibm Kondwa 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. 411010005 is the MICR code of Allahabad Bank for Nibm Kondwa branch. MICR code for Nibm Kondwa 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 Nibm Kondwa is presented in the table alongside.

Use of Allahabad Bank MICR code for Nibm Kondwa branch in pune

The MICR code 411010005 is used in RBI cheque clearing process to identify the branch Nibm Kondwa 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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