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Deutsche Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Deutsche Bank Ludhiana Ludhiana Punjab

MICR Code
Bank Deutsche Bank Ag
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana
Contact Samir Somaiya - 9892179614
Bank Details Deutsche Bank Ag Ludhiana DEUT0404PBC
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141002
Country IN
Address Sco 9-10,green park avenue,, canal colony, pakhowal road, ludhiana - 141002
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 0 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 0 of DB Bank, Ludhiana branch makes the system almost error free and faster. Use of DB Bank 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 Deutsche Bank Ag are available with micr code -

>>Ludhiana

MICR code for Deutsche Bank Ludhiana

Deutsche Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. DB 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. 0 is the MICR code of Deutsche 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 DB Bank Ludhiana is presented in the table alongside.

Use of DB Bank MICR code for Ludhiana branch in ludhiana

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ludhiana and DB 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 Deutsche Bank is typically in either of these two font’s: E-138 and CMC-7.