Bank Of India Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of India Ludhiana Ludhiana Punjab

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MICR Code
Bank Bank Of India
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana Ssi
Contact P.Joha, Manager, Tel: 0484-2555890
Bank Details Bank Of India Ludhiana Ssi BKID0006529
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141003
Country IN
Address Ludhiana ssi,ludhiana ssi branch,,223, industrial area-a,ludhiana,141003,punjab
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 0 for Ludhiana Ssi 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 0 of BOI, Ludhiana Ssi branch makes the system almost error free and faster. Use of BOI MICR codes for Ludhiana Ssi branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Bank Of India Ludhiana Ssi

Bank Of India MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. BOI MICR code for Ludhiana Ssi 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. 0 is the MICR code of Bank Of India for Ludhiana Ssi branch. MICR code for Ludhiana Ssi 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 BOI Ludhiana Ssi is presented in the table alongside.

Use of BOI MICR code for Ludhiana Ssi branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ludhiana Ssi and BOI 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 Bank Of India is typically in either of these two font’s: E-138 and CMC-7.

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