Prathama Bank Moradabad Moradabad Uttar Pradesh MICR CODE

Find MICR Codes for Prathama Bank Moradabad Moradabad Uttar Pradesh

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MICR Code	244843003
Bank	Prathama Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Lalbagh
Contact
Bank Details	Prathama Bank Lalbagh PRTH0011058

Location	Moradabad, Moradabad
City	Moradabad
District	Moradabad
State	Uttar Pradesh
Pincode	244001
Country	IN
Address	P.o. Mordabad tehsil.&distt. Moradabad

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 244843003 for Lalbagh 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 244843003 of Prathama Bank, Lalbagh branch makes the system almost error free and faster. Use of Prathama Bank MICR codes for Lalbagh branch, makes the characters readable even if there are other marks and stamps on it.

A total of 85 branches of Prathama Bank are available with micr code -

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MICR code for Prathama Bank Lalbagh

Prathama Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Prathama Bank MICR code for Lalbagh 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. 244843003 is the MICR code of Prathama Bank for Lalbagh branch. MICR code for Lalbagh 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 Prathama Bank Lalbagh is presented in the table alongside.

Use of Prathama Bank MICR code for Lalbagh branch in moradabad

The MICR code 244843003 is used in RBI cheque clearing process to identify the branch Lalbagh and Prathama 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 Prathama Bank is typically in either of these two font’s: E-138 and CMC-7.

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