Ratnakar Bank Varanasi Varanasi Uttar Pradesh MICR CODE

Find MICR Codes for Ratnakar Bank Varanasi Varanasi Uttar Pradesh

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Lahartara
Contact 0
Bank Details Ratnakar Bank Ltd Lahartara RATN0000422
Location Varanasi, Varanasi
City Varanasi
District Varanasi
State Uttar Pradesh
Pincode 221002
Country IN
Address D-65/331, ground floor, lahartara ballia, varanasi, uttar pradesh 221002
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 221176002 for Lahartara 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 221176002 of Ratnakar Bank, Lahartara branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Lahartara branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Ratnakar Bank Ltd are available with micr code -

>>Lahartara >>Mahmoorganj Varanasi

MICR code for Ratnakar Bank Lahartara

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 Lahartara 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. 221176002 is the MICR code of Ratnakar Bank for Lahartara branch. MICR code for Lahartara 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 Lahartara is presented in the table alongside.

Use of Ratnakar Bank MICR code for Lahartara branch in varanasi

The MICR code 221176002 is used in RBI cheque clearing process to identify the branch Lahartara 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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