Capital Bank Meharban Ludhiana Punjab MICR CODE

Find MICR Codes for Capital Bank Meharban Ludhiana Punjab

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MICR Code
Bank Capital Small Finance Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Meharban
Contact 5050759
Bank Details Capital Small Finance Bank Ltd Meharban CLBL0000090
Location Meharban, Ludhiana
City Meharban
District Ludhiana
State Punjab
Pincode 141007
Country IN
Address Rahon road, vpo meharban, district ludhiana - 141007
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 141545007 for Meharban 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 141545007 of Capital Small Finance Bank, Meharban branch makes the system almost error free and faster. Use of Capital Small Finance Bank MICR codes for Meharban branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Capital Small Finance Bank Ltd are available with micr code -

>>Meharban

MICR code for Capital Bank Meharban

Capital Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Capital Small Finance Bank MICR code for Meharban 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. 141545007 is the MICR code of Capital Bank for Meharban branch. MICR code for Meharban 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 Capital Small Finance Bank Meharban is presented in the table alongside.

Use of Capital Small Finance Bank MICR code for Meharban branch in meharban

The MICR code 141545007 is used in RBI cheque clearing process to identify the branch Meharban and Capital Small Finance 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 Capital Bank is typically in either of these two font’s: E-138 and CMC-7.

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