Corporation Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Corporation Bank Ludhiana Ludhiana Punjab

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MICR Code	-NA-
Bank	Corporation Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ludhiana Sec 32
Contact	0161 - 2622018, 2622019
Bank Details	Corporation Bank Ludhiana Sec 32 CORP0001259

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141010
Country	IN
Address	Sco - 16, sector - 32 - a,chandigarh road,ludhiana - 141010

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 Sec 32 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 Corp Bank, Ludhiana Sec 32 branch makes the system almost error free and faster. Use of Corp Bank MICR codes for Ludhiana Sec 32 branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Corporation Bank are available with micr code -

>>Currency Chest Ludhiana >>Ludhiana >>Ludhiana Field Ganj >>Ludhiana Sec 32 >>Ludhiana Sunder Nagar

MICR code for Corporation Bank Ludhiana Sec 32

Corporation Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Corp Bank MICR code for Ludhiana Sec 32 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 Corporation Bank for Ludhiana Sec 32 branch. MICR code for Ludhiana Sec 32 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 Corp Bank Ludhiana Sec 32 is presented in the table alongside.

Use of Corp Bank MICR code for Ludhiana Sec 32 branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ludhiana Sec 32 and Corp 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 Corporation Bank is typically in either of these two font’s: E-138 and CMC-7.

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