IDFC Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for IDFC Ludhiana Ludhiana Punjab

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MICR Code
Bank IDFC Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana Branch
Contact 9501083007
Bank Details IDFC Bank Ltd Ludhiana Branch IDFB0021171
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address Ground floor,sco 15 san plaza, feroze gandhi market ,ludhiana,141001
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 141751002 for Ludhiana Branch 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 141751002 of IDFC Bank, Ludhiana Branch branch makes the system almost error free and faster. Use of IDFC Bank MICR codes for Ludhiana Branch branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDFC Ludhiana Branch

IDFC MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDFC Bank MICR code for Ludhiana Branch 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. 141751002 is the MICR code of IDFC for Ludhiana Branch branch. MICR code for Ludhiana Branch 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 IDFC Bank Ludhiana Branch is presented in the table alongside.

Use of IDFC Bank MICR code for Ludhiana Branch branch in ludhiana

The MICR code 141751002 is used in RBI cheque clearing process to identify the branch Ludhiana Branch and IDFC 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 IDFC is typically in either of these two font’s: E-138 and CMC-7.

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