Canara Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Canara Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana Sundernagar
Contact 0
Bank Details Canara Bank Ludhiana Sundernagar CNRB0018156
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141008
Country IN
Address Canara bank b 24 ward no 19 basti mani singh sunder nagar ludhiana punjab 141008
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 141015024 for Ludhiana Sundernagar 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 141015024 of Canara Bank, Ludhiana Sundernagar branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ludhiana Sundernagar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ludhiana Sundernagar

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Ludhiana Sundernagar 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. 141015024 is the MICR code of Canara Bank for Ludhiana Sundernagar branch. MICR code for Ludhiana Sundernagar 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 Canara Bank Ludhiana Sundernagar is presented in the table alongside.

Use of Canara Bank MICR code for Ludhiana Sundernagar branch in ludhiana

The MICR code 141015024 is used in RBI cheque clearing process to identify the branch Ludhiana Sundernagar and Canara 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 Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

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