MICR CODE | 141012020 |
---|---|
Bank | Bank Of Baroda |
Branch | M S M E Ludhiana |
IFSC Code | IFSC Code Bank Of Baroda |
Address | No354, Bhagwati Towers , R K Machine Tools Road , Industrial Area A , Ludhiana , 141003 |
City | Ludhiana |
State | Punjab |
Magnetic Ink Character Recognition as printed on cheque book to facilitate the processing of cheques.
MICR code is a code printed on checks using MICR (Magnetic Ink Character Recognition) technology. The purpose of this code is to identify the cheques and which means faster processing. A MICR code is a 9-digit code that uniquely identifies the bank and branch participating in an Electronic Clearing System (ECS).