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 Palm Square Golf Course Exten 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. 110176018 is the MICR code of Ratnakar Bank for Palm Square Golf Course Exten branch. MICR code for Palm Square Golf Course Exten 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 Palm Square Golf Course Exten is presented in the table alongside.
The MICR code 110176018 is used in RBI cheque clearing process to identify the branch Palm Square Golf Course Exten 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.