Ratnakar Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Ratnakar Bank Chennai Chennai Tamil Nadu

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MICR Code	600176006
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	Anna Nagar
Contact	40288161
Bank Details	Ratnakar Bank Ltd Anna Nagar RATN0000187

Location	Chennai, Chennai
City	Chennai
District	Chennai
State	Tamil Nadu
Pincode	600040
Country	IN
Address	The ratnakar bank ltd first floor old no ab 134 and ab 106 and 108 4th avenue shanti colony anna nagar chennai 600 040

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 600176006 for Anna Nagar 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 600176006 of Ratnakar Bank, Anna Nagar branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Anna Nagar branch, makes the characters readable even if there are other marks and stamps on it.

A total of 19 branches of Ratnakar Bank Ltd are available with micr code -

>>Adyar >>Anna Nagar >>Ashok Nagar Branch >>Besant Nagar >>Egmore >>Kilpauk Branch >>Kk Nagar Chennai >>Korattur >>Kottivakkam Chennai >>Nungambakkam >>Pammal >>Parrys Corner >>Perungudi >>R A Puram Chennai >>Santhome >>T Nagar Chennai >>T Nagar Two North Usman Road Chennai >>Triplicane Chennai >>Velachery

MICR code for Ratnakar Bank Anna Nagar

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 Anna Nagar 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. 600176006 is the MICR code of Ratnakar Bank for Anna Nagar branch. MICR code for Anna Nagar 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 Anna Nagar is presented in the table alongside.

Use of Ratnakar Bank MICR code for Anna Nagar branch in chennai

The MICR code 600176006 is used in RBI cheque clearing process to identify the branch Anna Nagar 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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