Let Others Know
×
LinkedIn
Email
WhatsApp

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 Ludhiana Chaura Bazar
Contact M K Mishra,B K Sharma,0161-2707767
Bank Details Allahabad Bank Ludhiana Chaura Bazar ALLA0210365
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141008
Country IN
Address Beat no.37, chaura bazar ludhiana - 141 008 punjab 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 141010003 for Ludhiana Chaura Bazar 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 141010003 of Allahabad Bank, Ludhiana Chaura Bazar branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Ludhiana Chaura Bazar branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Ludhiana Chaura Bazar

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 Ludhiana Chaura Bazar 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. 141010003 is the MICR code of Allahabad Bank for Ludhiana Chaura Bazar branch. MICR code for Ludhiana Chaura Bazar 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 Ludhiana Chaura Bazar is presented in the table alongside.

Use of Allahabad Bank MICR code for Ludhiana Chaura Bazar branch in ludhiana

The MICR code 141010003 is used in RBI cheque clearing process to identify the branch Ludhiana Chaura Bazar 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.