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HDFC Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for HDFC Bank Ludhiana Ludhiana Punjab

MICR Code
Bank Hdfc Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana The Mall Punjab
Contact Sujit Kurup / Anant Shinde / Sandeep Puthran 022-30751912/ 2041 / 2042
Bank Details Hdfc Bank Ltd Ludhiana The Mall Punjab HDFC0000034
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address Plot # b/xix/65/se,the malllgf 1,1st mallludhianapunjab141 001
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 141240002 for Ludhiana The Mall Punjab 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 141240002 of HDFC Bank Ltd, Ludhiana The Mall Punjab branch makes the system almost error free and faster. Use of HDFC Bank Ltd MICR codes for Ludhiana The Mall Punjab branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for HDFC Bank Ludhiana The Mall Punjab

HDFC Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. HDFC Bank Ltd MICR code for Ludhiana The Mall Punjab 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. 141240002 is the MICR code of HDFC for Ludhiana The Mall Punjab branch. MICR code for Ludhiana The Mall Punjab 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 HDFC Bank Ltd Ludhiana The Mall Punjab is presented in the table alongside.

Use of HDFC Bank Ltd MICR code for Ludhiana The Mall Punjab branch in ludhiana

The MICR code 141240002 is used in RBI cheque clearing process to identify the branch Ludhiana The Mall Punjab and HDFC Bank Ltd 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 HDFC is typically in either of these two font’s: E-138 and CMC-7.