Ratnakar Bank Ludhiana Ludhiana Punjab MICR CODE

Find MICR Codes for Ratnakar Bank Ludhiana Ludhiana Punjab

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ludhiana
Contact 1800123804
Bank Details Ratnakar Bank Ltd Ludhiana RATN0000203
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141001
Country IN
Address Rbl bank limited sco no 18-19c canal colony green park avenue pakhowal road ludhiana -141001
MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Millerganj Ludhiana
Contact 0
Bank Details Ratnakar Bank Ltd Millerganj Ludhiana RATN0000464
Location Ludhiana, Ludhiana
City Ludhiana
District Ludhiana
State Punjab
Pincode 141003
Country IN
Address Ground floor, imperia tower,bxv 79/a/1, vishwakrma chowk, millerganj,ludhiana-141003
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 ludhiana

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

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

>>Ludhiana >>Millerganj Ludhiana

How to find MICR codes for Ratnakar Bank in ludhiana?

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

Ratnakar Bank MICR code in ludhiana

Ratnakar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ratnakar Bank MICR code for ludhiana 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 ludhiana, 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 ludhiana 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 ludhiana 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 ludhiana branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ratnakar Bank MICR codes for ludhiana 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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