Allahabad Bank Phanda Bhopal Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Phanda Bhopal Madhya Pradesh

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MICR Code	462010016
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Phanda
Contact	R.K. Jodhani 9303411995,H.V. Gajbhiye 0755-2664622
Bank Details	Allahabad Bank Phanda ALLA0210722

Location	Phanda, Bhopal
City	Phanda
District	Bhopal
State	Madhya Pradesh
Pincode	462030
Country	IN
Address	Phanda branch vill. & p.o. -phanda dist.-bhopal,madhya pradesh,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 462010016 for Phanda 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 462010016 of Allahabad Bank, Phanda branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Phanda 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 -

>>Phanda

MICR code for Allahabad Bank Phanda

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 Phanda 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. 462010016 is the MICR code of Allahabad Bank for Phanda branch. MICR code for Phanda 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 Phanda is presented in the table alongside.

Use of Allahabad Bank MICR code for Phanda branch in phanda

The MICR code 462010016 is used in RBI cheque clearing process to identify the branch Phanda 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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