Allahabad Bank Sagar Cuttack Orissa MICR CODE

Find MICR Codes for Allahabad Bank Sagar Cuttack Orissa

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MICR Code	753010503
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Sagar
Contact	Akhila Bandhu Nayak, Jatin Behera, 0671-2380546
Bank Details	Allahabad Bank Sagar ALLA0211458

Location	Sagar, Cuttack
City	Sagar
District	Cuttack
State	Orissa
Pincode	754037
Country	IN
Address	Vill. & p.o. Sagar via kanpur,dist. Cuttack,orissa pin 754 037 orissa

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 753010503 for Sagar 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 753010503 of Allahabad Bank, Sagar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Sagar 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 -

>>Sagar

MICR code for Allahabad Bank Sagar

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 Sagar 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. 753010503 is the MICR code of Allahabad Bank for Sagar branch. MICR code for Sagar 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 Sagar is presented in the table alongside.

Use of Allahabad Bank MICR code for Sagar branch in sagar

The MICR code 753010503 is used in RBI cheque clearing process to identify the branch Sagar 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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