Rajasthan Marudhara Gramin Bank Loonwa Nagaur Rajasthan MICR CODE

Find MICR Codes for Rajasthan Marudhara Gramin Bank Loonwa Nagaur Rajasthan

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MICR Code	-NA-
Bank	Rajasthan Marudhara Gramin Bank
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Loonwa
Contact
Bank Details	Rajasthan Marudhara Gramin Bank Loonwa RMGB0000443

Location	Loonwa, Nagaur
City	Loonwa
District	Nagaur
State	Rajasthan
Pincode
Country	IN
Address	V-p-loonwa, via nawa district-nagaur

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 Loonwa 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 RMGB, Loonwa branch makes the system almost error free and faster. Use of RMGB MICR codes for Loonwa branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Rajasthan Marudhara Gramin Bank are available with micr code -

>>Loonwa

MICR code for Rajasthan Marudhara Gramin Bank Loonwa

Rajasthan Marudhara Gramin Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. RMGB MICR code for Loonwa 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 Rajasthan Marudhara Gramin Bank for Loonwa branch. MICR code for Loonwa 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 RMGB Loonwa is presented in the table alongside.

Use of RMGB MICR code for Loonwa branch in loonwa

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

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