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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 Ludhiana Ssifb
Contact Aluwalia,Arora,0161-2605754
Bank Details Allahabad Bank Ludhiana Ssifb ALLA0211994
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141007
Country IN
Address Ssi branch, b-xxiv 2677, rahon road, sunder nagar, ludhiana,punjab 141007
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 141010008 for Ludhiana Ssifb 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 141010008 of Allahabad Bank, Ludhiana Ssifb branch makes the system almost error free and faster. Use of Allahabad Bank MICR codes for Ludhiana Ssifb branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Allahabad Bank Ludhiana Ssifb

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 Ssifb 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. 141010008 is the MICR code of Allahabad Bank for Ludhiana Ssifb branch. MICR code for Ludhiana Ssifb 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 Ssifb is presented in the table alongside.

Use of Allahabad Bank MICR code for Ludhiana Ssifb branch in ludhiana

The MICR code 141010008 is used in RBI cheque clearing process to identify the branch Ludhiana Ssifb 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.