Allahabad Bank Panchkula Panchkula Haryana MICR CODE

Find MICR Codes for Allahabad Bank Panchkula Panchkula Haryana

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MICR Code	160010024
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panchkula Sector 20
Contact	2551823
Bank Details	Allahabad Bank Panchkula Sector 20 ALLA0213401

Location	Panchkula, Panchkula
City	Panchkula
District	Panchkula
State	Haryana
Pincode	134116
Country	IN
Address	Allahabad bank, sco no - 412, sector-20, panchkula, haryana.pin-134116

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 160010024 for Panchkula Sector 20 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 160010024 of Allahabad Bank, Panchkula Sector 20 branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Panchkula Sector 20 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Allahabad Bank are available with micr code -

>>Irt Panchkula >>Panchkula >>Panchkula Sector 20 >>Sec 25 Panchkula

MICR code for Allahabad Bank Panchkula Sector 20

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 Panchkula Sector 20 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. 160010024 is the MICR code of Allahabad Bank for Panchkula Sector 20 branch. MICR code for Panchkula Sector 20 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 Panchkula Sector 20 is presented in the table alongside.

Use of Allahabad Bank MICR code for Panchkula Sector 20 branch in panchkula

The MICR code 160010024 is used in RBI cheque clearing process to identify the branch Panchkula Sector 20 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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