Allahabad Bank Ratu Ranchi Jharkhand MICR CODE

Find MICR Codes for Allahabad Bank Ratu Ranchi Jharkhand

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MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratu Road
Contact 6.5194311484e+012
Bank Details Allahabad Bank Ratu Road ALLA0213172
Location Ratu, Ranchi
City Ratu
District Ranchi
State Jharkhand
Pincode 834001
Country IN
Address 1st floor,ratanlal commercial complex,ratu road,ranchi 834001
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 834010018 for Ratu Road 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 834010018 of Allahabad Bank, Ratu Road branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Ratu Road 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 -

>>Ratu Road

MICR code for Allahabad Bank Ratu Road

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 Ratu Road 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. 834010018 is the MICR code of Allahabad Bank for Ratu Road branch. MICR code for Ratu Road 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 Ratu Road is presented in the table alongside.

Use of Allahabad Bank MICR code for Ratu Road branch in ratu

The MICR code 834010018 is used in RBI cheque clearing process to identify the branch Ratu Road 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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