Ratnakar Bank Patna Patna Bihar MICR CODE

Find MICR Codes for Ratnakar Bank Patna Patna Bihar

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Gandhi Maidan Branch
Contact
Bank Details Ratnakar Bank Ltd Gandhi Maidan Branch RATN0000301
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800003
Country IN
Address Ground a, space no 1,2,3,4, twin tower,south gandhi maidan, patna -800003
MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Boring Road Patna
Contact
Bank Details Ratnakar Bank Ltd Boring Road Patna RATN0000344
Location Patna, Patna
City Patna
District Patna
State Bihar
Pincode 800001
Country IN
Address Parnheet commercial, west boring canal road, patna-800001
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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 patna

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

A total of 3 branches of Ratnakar Bank Ltd are available with micr code -

>>Boring Road Patna >>Gandhi Maidan Branch >>Patliputra

How to find MICR codes for Ratnakar Bank in patna?

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

Ratnakar Bank MICR code in patna

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