Allahabad Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Allahabad Bank Indore Indore Madhya Pradesh

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MICR Code	452010005
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Vijay Nagar
Contact	Mr. M. K Vijayvarghise, Senior Manager
Bank Details	Allahabad Bank Vijay Nagar ALLA0211966

Location	Indore, Indore
City	Indore
District	Indore
State	Madhya Pradesh
Pincode	452010
Country	IN
Address	Plot no. 31,scheme no.54, vijay nagar,opp.sayaji hotel, indore 452010 phone no. 0731-2553655

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 452010005 for Vijay Nagar 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 452010005 of Allahabad Bank, Vijay Nagar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Vijay Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Allahabad Bank are available with micr code -

>>Airport Road Indore >>Annapurna Nagar Indore >>Indore Bhawar Kuan >>Indore Main >>Kanadia >>Vijay Nagar

MICR code for Allahabad Bank Vijay Nagar

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 Vijay Nagar 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. 452010005 is the MICR code of Allahabad Bank for Vijay Nagar branch. MICR code for Vijay Nagar 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 Vijay Nagar is presented in the table alongside.

Use of Allahabad Bank MICR code for Vijay Nagar branch in indore

The MICR code 452010005 is used in RBI cheque clearing process to identify the branch Vijay Nagar 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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