Ratnakar Bank Kadi Mahesana Gujarat MICR CODE

Find MICR Codes for Ratnakar Bank Kadi Mahesana Gujarat

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MICR Code	380176003
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	Kadi
Contact	9974091651
Bank Details	Ratnakar Bank Ltd Kadi RATN0000128

Location	Kadi, Mahesana
City	Kadi
District	Mahesana
State	Gujarat
Pincode	382715
Country	IN
Address	The ratnakar bank ltd, 9/a, 9/b, 10, 10/a, 10/b, diamond plaza, opp.arts and commerce college, thol road, kadi-382715

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 380176003 for Kadi 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 380176003 of Ratnakar Bank, Kadi branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Kadi 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 -

>>Kadi

MICR code for Ratnakar Bank Kadi

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 Kadi 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. 380176003 is the MICR code of Ratnakar Bank for Kadi branch. MICR code for Kadi 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 Kadi is presented in the table alongside.

Use of Ratnakar Bank MICR code for Kadi branch in kadi

The MICR code 380176003 is used in RBI cheque clearing process to identify the branch Kadi 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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