Allahabad Bank Paradip Jagatsinghpur Orissa MICR CODE

Find MICR Codes for Allahabad Bank Paradip Jagatsinghpur Orissa

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MICR Code	754010002
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Paradip
Contact	P.C. Behera, Ramakant Patra 06722-222023
Bank Details	Allahabad Bank Paradip ALLA0210057

Location	Paradip, Jagatsinghpur
City	Paradip
District	Jagatsinghpur
State	Orissa
Pincode	754142
Country	IN
Address	Allahabad bank, paradip branch, paradip port trust, admin building ,orissa -754142

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 754010002 for Paradip 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 754010002 of Allahabad Bank, Paradip branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Paradip 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 -

>>Paradip

MICR code for Allahabad Bank Paradip

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 Paradip 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. 754010002 is the MICR code of Allahabad Bank for Paradip branch. MICR code for Paradip 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 Paradip is presented in the table alongside.

Use of Allahabad Bank MICR code for Paradip branch in paradip

The MICR code 754010002 is used in RBI cheque clearing process to identify the branch Paradip 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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