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South Indian Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for South Indian Bank Ludhiana Ludhiana Punjab

MICR Code
Bank South Indian Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana
Contact Francis G.Alapatt, Senior Manager 0161-2406032
Bank Details South Indian Bank Ludhiana SIBL0000411
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address Ludhiana branch, 15, mall road,great way house ,ludhiana, ludhiana , punjab, pin-141001
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.

Search South Indian Bank MICR Codes in ludhiana

You can search through MICR Codes of Punjab branches in ludhiana of District ludhiana in Punjab State by using the search box or you can browse through the table using the conrols at the bottom.

South Indian Bank branches with micr codes are available in 1 cities-

>>Ludhiana

How to find MICR codes for South Indian Bank in ludhiana?

South Indian Bank ludhiana MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From South Indian Bank MICR codes list for ludhiana, one can further search by branch name specified in the table. You can find MICR codes for all South Indian Bank ludhiana branches.

South Indian Bank MICR code in ludhiana

South Indian Bank MICR code is a character recognition technology used by banks in the processing of cheques. South Indian Bank MICR code for ludhiana branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for South Indian Bank branches in ludhiana, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does South Indian Bank MICR code for ludhiana branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a South Indian Bank ludhiana branch, sprinted 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. Thus MICR code for South Indian Bank ludhiana branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of South Indian Bank MICR codes for ludhiana branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!