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Standard Chartered Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Standard Chartered Bank Ludhiana Ludhiana Punjab

Bank
State
District
City
Branch
Address

MICR Code	141036002
Bank	Standard Chartered Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ludhiana
Contact	0161-5084030
Bank Details	Standard Chartered Bank Ludhiana SCBL0036037

Location	Ludhiana, Ludhiana
City	Ludhiana
District	Ludhiana
State	Punjab
Pincode	141001
Country	IN
Address	Sco 16-17, feroze ghandhi market, ludhiana - 141 001, punjab, india

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 141036002 for 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 141036002 of SCB, Ludhiana branch makes the system almost error free and faster. Use of SCB MICR codes for Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Standard Chartered Bank are available with micr code -

>>Ludhiana

MICR code for Standard Chartered Bank Ludhiana

Standard Chartered Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. SCB MICR code for 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. 141036002 is the MICR code of Standard Chartered Bank for Ludhiana branch. MICR code for 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 SCB Ludhiana is presented in the table alongside.

Use of SCB MICR code for Ludhiana branch in ludhiana

The MICR code 141036002 is used in RBI cheque clearing process to identify the branch Ludhiana and SCB 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 Standard Chartered Bank is typically in either of these two font’s: E-138 and CMC-7.