Ratnakar Bank Mumbai Mumbai Maharashtra MICR CODE

Find MICR Codes for Ratnakar Bank Mumbai Mumbai Maharashtra

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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	Borivali West Link Road
Contact
Bank Details	Ratnakar Bank Ltd Borivali West Link Road RATN0000310

Location	Mumbai, Mumbai
City	Mumbai
District	Mumbai
State	Maharashtra
Pincode	400092
Country	IN
Address	Shop no5,the ahcl homes chsl,opp shimpoli tel exchange, borivali w, mum 400092

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

A total of 36 branches of Ratnakar Bank Ltd are available with micr code -

>>Ambedkar Garden Chembur East >>Andheri Eastkanakia Wallstreet Branch >>Bandra West Branch >>Bangur Nagar >>Borivali West Link Road >>Cbd Belapur >>Central Avenue Powai >>Central Processing Center >>Cg Road Branch Chembur >>Churchgate >>Corporate Office >>Corporate Office >>Cumbala Hill >>Dadar West >>Ghatkopar East >>Global Trade Services >>I C Colony Mumbai >>Juhu Tara Road Branch >>Khar West Branch >>Kharghar Sector Twelve >>Lamington Road Branch >>Lokhandwala Market >>Malad Link Road >>Mazgaon >>Mulund >>Mulund Link Road >>Opera House >>Prabhadevi >>Shivaji Park >>Sion East Branch >>Sv Road Andheri West >>Tardeo Mumbai >>Thakur Village Kandivali East >>Turner Road Bandra West >>Vashi Sector Twentyeight >>Vile Parle Eastsahar Road

MICR code for Ratnakar Bank Borivali West Link Road

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 Borivali West Link Road 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 Borivali West Link Road branch. MICR code for Borivali West Link Road 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 Borivali West Link Road is presented in the table alongside.

Use of Ratnakar Bank MICR code for Borivali West Link Road branch in mumbai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Borivali West Link Road 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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