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Allahabad Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Allahabad Bank Ludhiana Ludhiana Punjab

MICR Code
Bank Allahabad Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Khant
Contact Shri Lal Singh, Shri Yashwant Thakur, 01628-269148
Bank Details Allahabad Bank Khant ALLA0210682
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 140101
Country IN
Address Vpo khant, tehsil khamanon, district fatehgarh sahib (punjab), pin 140101
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 140010552 for Khant 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 140010552 of Allahabad Bank, Khant branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Khant branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Khant

Allahabad Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Allahabad Bank MICR code for Khant 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. 140010552 is the MICR code of Allahabad Bank for Khant branch. MICR code for Khant 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 Allahabad Bank Khant is presented in the table alongside.

Use of Allahabad Bank MICR code for Khant branch in ludhiana

The MICR code 140010552 is used in RBI cheque clearing process to identify the branch Khant and Allahabad 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 Allahabad Bank is typically in either of these two font’s: E-138 and CMC-7.