Ratnakar Bank Hyderabad Hyderabad Andhra Pradesh MICR CODE

Find MICR Codes for Ratnakar Bank Hyderabad Hyderabad Andhra Pradesh

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MICR Code	500176002
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	Hyderabad
Contact	040-42212208, 09,10
Bank Details	Ratnakar Bank Ltd Hyderabad RATN0000112

Location	Hyderabad, Hyderabad
City	Hyderabad
District	Hyderabad
State	Andhra Pradesh
Pincode	500016
Country	IN
Address	The ratnakar bank ltd,d no, 6-3-865, ground floor,my home jupally,opp green park,green lands, amarpet,hyderabad - 500016

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 500176002 for Hyderabad 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 500176002 of Ratnakar Bank, Hyderabad branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Hyderabad 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 -

>>Hyderabad

MICR code for Ratnakar Bank Hyderabad

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 Hyderabad 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. 500176002 is the MICR code of Ratnakar Bank for Hyderabad branch. MICR code for Hyderabad 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 Hyderabad is presented in the table alongside.

Use of Ratnakar Bank MICR code for Hyderabad branch in hyderabad

The MICR code 500176002 is used in RBI cheque clearing process to identify the branch Hyderabad 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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