Ratnakar Bank Ahmedabad Ahmedabad Gujarat MICR CODE

Find MICR Codes for Ratnakar Bank Ahmedabad Ahmedabad Gujarat

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MICR Code	380014251
Bank	Ratnakar Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ahmedabad
Contact	079-22120833
Bank Details	Ratnakar Bank Ltd Ahmedabad RATN0000065

Location	Ahmedabad, Ahmedabad
City	Ahmedabad
District	Ahmedabad
State	Gujarat
Pincode	380004
Country	IN
Address	107/108, madhavpura, ganj bazar, ambaji temple, ahmedabad 380004

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 380014251 for Ahmedabad 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 380014251 of Ratnakar Bank, Ahmedabad branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Ahmedabad branch, makes the characters readable even if there are other marks and stamps on it.

A total of 7 branches of Ratnakar Bank Ltd are available with micr code -

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MICR code for Ratnakar Bank Ahmedabad

Ratnakar Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Ratnakar Bank MICR code for Ahmedabad 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. 380014251 is the MICR code of Ratnakar Bank for Ahmedabad branch. MICR code for Ahmedabad 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 Ratnakar Bank Ahmedabad is presented in the table alongside.

Use of Ratnakar Bank MICR code for Ahmedabad branch in ahmedabad

The MICR code 380014251 is used in RBI cheque clearing process to identify the branch Ahmedabad and Ratnakar 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 Ratnakar Bank is typically in either of these two font’s: E-138 and CMC-7.

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