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Punjab And Sind Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Punjab And Sind Bank Ludhiana Ludhiana Punjab

MICR Code
Bank Punjab And Sind Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch G.H.Public School Ludhiana
Contact 0161-2499088
Bank Details Punjab And Sind Bank G.H.Public School Ludhiana PSIB0000826
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141002
Country IN
Address G.h.public school dugri road ludhiana
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 141023029 for G.H.Public School 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 141023029 of Punjab Sind Bank, G.H.Public School Ludhiana branch makes the system almost error free and faster. Use of Punjab Sind Bank MICR codes for G.H.Public School Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Punjab And Sind Bank G.H.Public School Ludhiana

Punjab And Sind Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Punjab Sind Bank MICR code for G.H.Public School 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. 141023029 is the MICR code of PSB Bank for G.H.Public School Ludhiana branch. MICR code for G.H.Public School 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 Punjab Sind Bank G.H.Public School Ludhiana is presented in the table alongside.

Use of Punjab Sind Bank MICR code for G.H.Public School Ludhiana branch in ludhiana

The MICR code 141023029 is used in RBI cheque clearing process to identify the branch G.H.Public School Ludhiana and Punjab Sind 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 PSB Bank is typically in either of these two font’s: E-138 and CMC-7.