MICR Code: 242010504

Bank: Allahabad Bank
IFSC Code: Alla0213046
MICR Code: 242010504
Address: Jaiteypur Road, Tilhar Near Kotwali, Shahjahanpur, 242307
City: Fatehpur
District: Shahjahanpur
State: Uttar Pradesh

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 242010504.

  • In this case first three codes 242 is city code and it represents city Fatehpur.
  • Next three characters 010 represents bank Allahabad Bank.
  • Remaining characters which are 504 represents branch. In our case branch is located at address Jaiteypur Road, Tilhar Near Kotwali, Shahjahanpur, 242307.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.