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 Urban Estate Focul Point
Contact 0161 2678500, 5538500 2678500
Bank Details Indusind Bank Ltd Urban Estate Focul Point INDB0000520
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141010
Country IN
Address Upsc jain public school,chandigarh road, urban estate ii, ludhiana – 141010
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 141234003 for Urban Estate Focul Point 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 141234003 of Indus Bank, Urban Estate Focul Point branch makes the system almost error free and faster. Use of Indus Bank MICR codes for Urban Estate Focul Point branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Indusind Bank Urban Estate Focul Point

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 Urban Estate Focul Point 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. 141234003 is the MICR code of Indusind Bank for Urban Estate Focul Point branch. MICR code for Urban Estate Focul Point 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 Urban Estate Focul Point is presented in the table alongside.

Use of Indus Bank MICR code for Urban Estate Focul Point branch in ludhiana

The MICR code 141234003 is used in RBI cheque clearing process to identify the branch Urban Estate Focul Point 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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