Ratnakar Bank Madurai Madurai Tamil Nadu MICR CODE

Find MICR Codes for Ratnakar Bank Madurai Madurai Tamil Nadu

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MICR Code	-NA-
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	Madurai Tamil Nadu
Contact	8001238040
Bank Details	Ratnakar Bank Ltd Madurai Tamil Nadu RATN0000206

Location	Madurai, Madurai
City	Madurai
District	Madurai
State	Tamil Nadu
Pincode	625001
Country	IN
Address	Rbl bank limited, no.98, vakil new street, madurai - 625001

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 0 for Madurai Tamil Nadu 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 0 of Ratnakar Bank, Madurai Tamil Nadu branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Madurai Tamil Nadu 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 -

>>Madurai Tamil Nadu >>Maduraik K Nagar

MICR code for Ratnakar Bank Madurai Tamil Nadu

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 Madurai Tamil Nadu 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. 0 is the MICR code of Ratnakar Bank for Madurai Tamil Nadu branch. MICR code for Madurai Tamil Nadu 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 Madurai Tamil Nadu is presented in the table alongside.

Use of Ratnakar Bank MICR code for Madurai Tamil Nadu branch in madurai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Madurai Tamil Nadu 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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