Allahabad Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Allahabad Bank Ludhiana Ludhiana Punjab

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MICR Code	141010005
Bank	Allahabad Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Oswal Woolen Mills
Contact	Satish Kumar, Padam Singh,0161-2545027
Bank Details	Allahabad Bank Oswal Woolen Mills ALLA0212107

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141003
Country	IN
Address	G t road ludhiana punjab ludhiana punjab 141003

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 141010005 for Oswal Woolen Mills 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 141010005 of Allahabad Bank, Oswal Woolen Mills branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Oswal Woolen Mills branch, makes the characters readable even if there are other marks and stamps on it.

A total of 28 branches of Allahabad Bank are available with micr code -

>>Dugri Road Ludhiana >>Focal Point Ludhiana >>Ghoman >>Haibowal >>Hariana >>Iifb Ludhiana >>Jamalpur >>Khant >>Kharar >>Kotakpura >>Ludhiana Chaura Bazar >>Ludhiana Clock Tower >>Ludhiana Link Road >>Ludhiana Rajguru Nagar >>Ludhiana Shivpuri >>Ludhiana Spl. Caf. Branch >>Ludhiana Ssifb >>Ludhiana Vardhman >>Maur Mandi >>Mehna >>Muktasar >>Oswal Woolen Mills >>Rattewal >>Rmpc Ludhiana >>Sam Ludhiana >>San Jain S S School >>San Model School (Jct Mills) >>Srinagar

MICR code for Allahabad Bank Oswal Woolen Mills

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 Oswal Woolen Mills 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. 141010005 is the MICR code of Allahabad Bank for Oswal Woolen Mills branch. MICR code for Oswal Woolen Mills 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 Oswal Woolen Mills is presented in the table alongside.

Use of Allahabad Bank MICR code for Oswal Woolen Mills branch in ludhiana

The MICR code 141010005 is used in RBI cheque clearing process to identify the branch Oswal Woolen Mills 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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