PNB Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for PNB Ludhiana Ludhiana Punjab

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MICR Code	141024022
Bank	Punjab National Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ludhiana Mata Rani Chowk
Contact	0161-2745901/9257 Satish Kumar Garg
Bank Details	Punjab National Bank Ludhiana Mata Rani Chowk PUNB0346200

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141008
Country	IN
Address	Mata rani chowk, 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 141024022 for Ludhiana Mata Rani Chowk 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 141024022 of Punjab National Bank , Ludhiana Mata Rani Chowk branch makes the system almost error free and faster. Use of Punjab National Bank MICR codes for Ludhiana Mata Rani Chowk branch, makes the characters readable even if there are other marks and stamps on it.

A total of 106 branches of Punjab National Bank are available with micr code -

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MICR code for PNB Ludhiana Mata Rani Chowk

PNB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab National Bank MICR code for Ludhiana Mata Rani Chowk 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. 141024022 is the MICR code of PNB Bank for Ludhiana Mata Rani Chowk branch. MICR code for Ludhiana Mata Rani Chowk 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 Punjab National Bank Ludhiana Mata Rani Chowk is presented in the table alongside.

Use of Punjab National Bank MICR code for Ludhiana Mata Rani Chowk branch in ludhiana

The MICR code 141024022 is used in RBI cheque clearing process to identify the branch Ludhiana Mata Rani Chowk and Punjab National 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 PNB Bank is typically in either of these two font’s: E-138 and CMC-7.

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