SBI Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for SBI Ludhiana Ludhiana Punjab

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MICR Code	141002024
Bank	State Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Stock Exchange Ludhiana
Contact	0161-2401730,2409969 Ip 402486
Bank Details	State Bank Of India Stock Exchange Ludhiana SBIN0009838

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141001
Country	IN
Address	Ludhiana, punjab ,ludhiana, punjabludhiana , pin -

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 141002024 for Stock Exchange 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 141002024 of State Bank Of India, Stock Exchange Ludhiana branch makes the system almost error free and faster. Use of State Bank Of India MICR codes for Stock Exchange Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 109 branches of State Bank Of India are available with micr code -

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MICR code for SBI Stock Exchange Ludhiana

SBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. State Bank Of India MICR code for Stock Exchange 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. 141002024 is the MICR code of SBI Bank for Stock Exchange Ludhiana branch. MICR code for Stock Exchange 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 State Bank Of India Stock Exchange Ludhiana is presented in the table alongside.

Use of State Bank Of India MICR code for Stock Exchange Ludhiana branch in ludhiana

The MICR code 141002024 is used in RBI cheque clearing process to identify the branch Stock Exchange Ludhiana and State Bank Of India 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 SBI Bank is typically in either of these two font’s: E-138 and CMC-7.

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