Indusind Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Indusind Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Indusind Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Bahadur Ke Road Ludhiana
Contact 2782033
Bank Details Indusind Bank Ltd Bahadur Ke Road Ludhiana INDB0001106
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141008
Country IN
Address Indusind bank ltd branchludhiana ground floor scf no200 dana mandi salem tabri opp sabzi mandi main bahadur++ke road ludhiana punjab 141008
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 141234007 for Bahadur Ke Road 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 141234007 of Indus Bank, Bahadur Ke Road Ludhiana branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Bahadur Ke Road Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Bahadur Ke Road Ludhiana

Indusind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Indus Bank MICR code for Bahadur Ke Road 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. 141234007 is the MICR code of Indusind Bank for Bahadur Ke Road Ludhiana branch. MICR code for Bahadur Ke Road 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 Indus Bank Bahadur Ke Road Ludhiana is presented in the table alongside.

Use of Indus Bank MICR code for Bahadur Ke Road Ludhiana branch in ludhiana

The MICR code 141234007 is used in RBI cheque clearing process to identify the branch Bahadur Ke Road Ludhiana and Indus 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 Indusind Bank is typically in either of these two font’s: E-138 and CMC-7.

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