Allahabad Bank Parwali Sarak Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Parwali Sarak Bhopal Madhya Pradesh

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MICR Code	462010017
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Parwalia Sadak
Contact	Sukanta Kumar Sahu,9303411913, M.L. Gujre 0755-2867304
Bank Details	Allahabad Bank Parwalia Sadak ALLA0210690

Location	Parwali Sarak, Bhopal
City	Parwali Sarak
District	Bhopal
State	Madhya Pradesh
Pincode	462030
Country	IN
Address	Vill. & p.o. Parwalia sarak,dist. Bhopal,462030,

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 462010017 for Parwalia Sadak 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 462010017 of Allahabad Bank, Parwalia Sadak branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Parwalia Sadak 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 -

>>Parwalia Sadak

MICR code for Allahabad Bank Parwalia Sadak

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 Parwalia Sadak 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. 462010017 is the MICR code of Allahabad Bank for Parwalia Sadak branch. MICR code for Parwalia Sadak 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 Parwalia Sadak is presented in the table alongside.

Use of Allahabad Bank MICR code for Parwalia Sadak branch in parwali sarak

The MICR code 462010017 is used in RBI cheque clearing process to identify the branch Parwalia Sadak 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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