Allahabad Bank Chandranagar Palakkad Kerala MICR CODE

Find MICR Codes for Allahabad Bank Chandranagar Palakkad Kerala

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MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Palakkad
Contact Bala Subramaniam ,S. Prashant, Officer, 0491-2572020
Bank Details Allahabad Bank Palakkad ALLA0212506
Location Chandranagar, Palakkad
City Chandranagar
District Palakkad
State Kerala
Pincode 678007
Country IN
Address 9/1485, kav central, chandra nagar, palkkad, kerala 678007
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 678010002 for Palakkad 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 678010002 of Allahabad Bank, Palakkad branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Palakkad 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 -

>>Palakkad

MICR code for Allahabad Bank Palakkad

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 Palakkad 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. 678010002 is the MICR code of Allahabad Bank for Palakkad branch. MICR code for Palakkad 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 Palakkad is presented in the table alongside.

Use of Allahabad Bank MICR code for Palakkad branch in chandranagar

The MICR code 678010002 is used in RBI cheque clearing process to identify the branch Palakkad 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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