Indian Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Indian Bank Ludhiana Ludhiana Punjab

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State
District
City
Branch
Address

MICR Code	-NA-
Bank	Indian Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Mcb Ludhiana
Contact	0
Bank Details	Indian Bank Mcb Ludhiana IDIB000M363

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode
Country	IN
Address	Bxxiii98165 industrial areaa near cheema chowk, ludhiana

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 Mcb 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 0 of Indian Bank, Mcb Ludhiana branch makes the system almost error free and faster. Use of Indian Bank MICR codes for Mcb Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 24 branches of Indian Bank are available with micr code -

>>Bhoura >>Brs Nagar >>Chaura Bazar >>Clock Tower >>Dugri >>Focal Point >>Gill Road >>Kalsi Nagar >>Link Road >>Ludhiana >>Ludhiana Dugri Road >>Ludhiana Haibowal >>Mandiali Kalan >>Mcb Ludhiana >>Model Town >>Oswal Woolen Mills >>Pokhawal Road >>Rajguru Nagar >>Sam Ludhiana >>San Model School >>Specialised Comm Agri Fin Br Ludhiana >>Spl Ssi Finance Ludhiana >>Sunder Nagar >>Vardhman

MICR code for Indian Bank Mcb Ludhiana

Indian Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indian Bank MICR code for Mcb 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. 0 is the MICR code of Indian Bank for Mcb Ludhiana branch. MICR code for Mcb 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 Indian Bank Mcb Ludhiana is presented in the table alongside.

Use of Indian Bank MICR code for Mcb Ludhiana branch in ludhiana

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

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