Let Others Know
×
LinkedIn
Email
WhatsApp

Bank Of Maharashtra Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Bank Of Maharashtra Ludhiana Ludhiana Punjab

MICR Code
Bank Bank Of Maharashtra
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana
Contact Sh. P. S Lamba
Bank Details Bank Of Maharashtra Ludhiana MAHB0000382
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address Link road, near dhuri phatak, 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 141014002 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 141014002 of Maharashtra Bank, Ludhiana branch makes the system almost error free and faster. Use of Maharashtra Bank MICR codes for Ludhiana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 5 branches of Bank Of Maharashtra are available with micr code -

>>Bahadur Ke Road >>Civil Lines Ludhiana >>Kitchlu Nagar >>Ludhiana >>Sbs Nagar Ludhiana

MICR code for Bank Of Maharashtra Ludhiana

Bank Of Maharashtra MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Maharashtra Bank 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. 141014002 is the MICR code of Mahabank 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 Maharashtra Bank Ludhiana is presented in the table alongside.

Use of Maharashtra Bank MICR code for Ludhiana branch in ludhiana

The MICR code 141014002 is used in RBI cheque clearing process to identify the branch Ludhiana and Maharashtra 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 Mahabank is typically in either of these two font’s: E-138 and CMC-7.