Ratnakar Bank Kolhapur Kolhapur Maharashtra MICR CODE

Find MICR Codes for Ratnakar Bank Kolhapur Kolhapur Maharashtra

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Shahupuri Kolhapur
Contact 0231-2653658
Bank Details Ratnakar Bank Ltd Shahupuri Kolhapur RATN0000001
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416001
Country IN
Address 1st lane, shahupuri, kolhapur 416001
MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Laxmipuri Kolhapur
Contact 0231-2644749
Bank Details Ratnakar Bank Ltd Laxmipuri Kolhapur RATN0000002
Location Kolhapur, Kolhapur
City Kolhapur
District Kolhapur
State Maharashtra
Pincode 416002
Country IN
Address Near kolhapur muncipal coporation, laxmi road, laxmipuri, kolhapur 416002
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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.

Search Ratnakar Bank MICR Codes in kolhapur

You can search through MICR Codes of Maharashtra branches in kolhapur of District kolhapur in Maharashtra State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 6 branches of Ratnakar Bank Ltd are available with micr code -

>>Head Office >>Laxmipuri Kolhapur >>Marketyard Kolhapur >>Rajarampuri Kolhapur >>Saneguruji Vasahat >>Shahupuri Kolhapur

How to find MICR codes for Ratnakar Bank in kolhapur?

Ratnakar Bank kolhapur MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Ratnakar Bank MICR codes list for kolhapur, one can further search by branch name specified in the table. You can find MICR codes for all Ratnakar Bank kolhapur branches.

Ratnakar Bank MICR code in kolhapur

Ratnakar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ratnakar Bank MICR code for kolhapur branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Ratnakar Bank branches in kolhapur, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Ratnakar Bank MICR code for kolhapur branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Ratnakar Bank kolhapur branch, sprinted 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. Thus MICR code for Ratnakar Bank kolhapur branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ratnakar Bank MICR codes for kolhapur branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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