Ratnakar Bank Dombivali Thane Maharashtra MICR CODE

Find MICR Codes for Ratnakar Bank Dombivali Thane Maharashtra

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Dombivali
Contact 0251-2483914
Bank Details Ratnakar Bank Ltd Dombivali RATN0000081
Location Dombivali, Thane
City Dombivali
District Thane
State Maharashtra
Pincode 421202
Country IN
Address Amit tara', ground floor, subhash road, vishnunagar, dombivali (w) - 421 202.
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 Dombivali 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, Dombivali branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Dombivali 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 -

>>Dombivali

MICR code for Ratnakar Bank Dombivali

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 Dombivali 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 Dombivali branch. MICR code for Dombivali 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 Dombivali is presented in the table alongside.

Use of Ratnakar Bank MICR code for Dombivali branch in dombivali

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