DBS Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for DBS Bank Ludhiana Ludhiana Punjab

↻ Reload
MICR Code
Bank Dbs Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana Pb
Contact 161-2496666
Bank Details Dbs Bank Ltd Ludhiana Pb DBSS0IN0951
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141002
Country IN
Address La/2 modern town extention modern tower, b 27, ludhiana, 141002, 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 Pb 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 DBS Bank India, Ludhiana Pb branch makes the system almost error free and faster. Use of DBS Bank India MICR codes for Ludhiana Pb branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Dbs Bank Ltd are available with micr code -

>>Ludhiana >>Ludhiana Pb

MICR code for DBS Bank Ludhiana Pb

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

Use of DBS Bank India MICR code for Ludhiana Pb branch in ludhiana

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

Copied!