Allahabad Bank Hospet Bellary Karnataka MICR CODE

Find MICR Codes for Allahabad Bank Hospet Bellary Karnataka

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MICR Code	583010202
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Panikab Kalan
Contact	K Nagendrappa, Ph-9449644044 & Satish.D.G, Ph-08934-223044
Bank Details	Allahabad Bank Panikab Kalan ALLA0211596

Location	Hospet, Bellary
City	Hospet
District	Bellary
State	Karnataka
Pincode	583201
Country	IN
Address	Allahabad bank - hospet branch, hospet rotary charitable trust, station road , hospet – 583201 karnataka

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 583010202 for Panikab Kalan 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 583010202 of Allahabad Bank, Panikab Kalan branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Panikab Kalan 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 -

>>Panikab Kalan

MICR code for Allahabad Bank Panikab Kalan

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 Panikab Kalan 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. 583010202 is the MICR code of Allahabad Bank for Panikab Kalan branch. MICR code for Panikab Kalan 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 Panikab Kalan is presented in the table alongside.

Use of Allahabad Bank MICR code for Panikab Kalan branch in hospet

The MICR code 583010202 is used in RBI cheque clearing process to identify the branch Panikab Kalan 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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