Canara Bank Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for Canara Bank Ranchi Ranchi Jharkhand

↻ Reload
MICR Code
Bank Canara Bank
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratu
Contact 0
Bank Details Canara Bank Ratu CNRB0017538
Location Ranchi, Ranchi
City Ranchi
District Ranchi
State Jharkhand
Pincode 835222
Country IN
Address Ratu opp block office kathitand dist ranchi ranchi jharkhand india 835222
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 834026029 for Ratu 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 834026029 of Canara Bank, Ratu branch makes the system almost error free and faster. Use of Canara Bank MICR codes for Ratu branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Canara Bank Ratu

Canara Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Canara Bank MICR code for Ratu 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. 834026029 is the MICR code of Canara Bank for Ratu branch. MICR code for Ratu 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 Canara Bank Ratu is presented in the table alongside.

Use of Canara Bank MICR code for Ratu branch in ranchi

The MICR code 834026029 is used in RBI cheque clearing process to identify the branch Ratu and Canara 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 Canara Bank is typically in either of these two font’s: E-138 and CMC-7.

Copied!