ING Vysya Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for ING Vysya Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Ing Vysya Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana
Contact Rtgshelpdesk@ingvysyabank.Com
Bank Details Ing Vysya Bank Ltd Ludhiana VYSA0005570
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address # 19, masters chambers 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 141064002 for Ludhiana 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 141064002 of ING Vysya, Ludhiana branch makes the system almost error free and faster. Use of ING Vysya MICR codes for Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Ing Vysya Bank Ltd are available with micr code -

>>Applied >>Ludhiana >>Malewal

MICR code for ING Vysya Bank Ludhiana

ING Vysya Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ING Vysya MICR code for Ludhiana 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. 141064002 is the MICR code of ING Bank for Ludhiana branch. MICR code for Ludhiana 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 ING Vysya Ludhiana is presented in the table alongside.

Use of ING Vysya MICR code for Ludhiana branch in ludhiana

The MICR code 141064002 is used in RBI cheque clearing process to identify the branch Ludhiana and ING Vysya 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 ING Bank is typically in either of these two font’s: E-138 and CMC-7.

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