IDBI Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for IDBI Ludhiana Ludhiana Punjab

MICR Code
Bank Idbi Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Sherpur Focal Point Road
Contact 0161 2670148/ 2670149
Bank Details Idbi Bank Ltd Sherpur Focal Point Road IBKL0000265
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141010
Country IN
Address Ground floor 154 sherpur focal point road ludhiana punjab 141 010
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 141259006 for Sherpur Focal Point Road 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 141259006 of IDBI Bank, Sherpur Focal Point Road branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Sherpur Focal Point Road branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for IDBI Sherpur Focal Point Road

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Sherpur Focal Point Road 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. 141259006 is the MICR code of IDBI for Sherpur Focal Point Road branch. MICR code for Sherpur Focal Point Road 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 IDBI Bank Sherpur Focal Point Road is presented in the table alongside.

Use of IDBI Bank MICR code for Sherpur Focal Point Road branch in ludhiana

The MICR code 141259006 is used in RBI cheque clearing process to identify the branch Sherpur Focal Point Road and IDBI 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 IDBI is typically in either of these two font’s: E-138 and CMC-7.

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