Ratnakar Bank Anand Anand Gujarat MICR CODE

Find MICR Codes for Ratnakar Bank Anand Anand Gujarat

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MICR Code	-NA-
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	Anand
Contact	8001238040
Bank Details	Ratnakar Bank Ltd Anand RATN0000214

Location	Anand, Anand
City	Anand
District	Anand
State	Gujarat
Pincode	388001
Country	IN
Address	Rbl bank limited,ground floor,shop no 12,13,14,18,19,20, suketu complex,anand vijay nagar road,anand - 388001

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

A total of 1 branches of Ratnakar Bank Ltd are available with micr code -

>>Anand

MICR code for Ratnakar Bank Anand

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 Anand 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 Ratnakar Bank for Anand branch. MICR code for Anand 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 Anand is presented in the table alongside.

Use of Ratnakar Bank MICR code for Anand branch in anand

The MICR code 0 is used in RBI cheque clearing process to identify the branch Anand 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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