Ratnakar Bank Bangalore Bangalore Karnataka MICR CODE

Find MICR Codes for Ratnakar Bank Bangalore Bangalore Karnataka

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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	Peenya Bangalore
Contact
Bank Details	Ratnakar Bank Ltd Peenya Bangalore RATN0000352

Location	Bangalore, Bangalore
City	Bangalore
District	Bangalore
State	Karnataka
Pincode	560058
Country	IN
Address	Hotel ujjwala international, ground floor no. V-2,1st state, tvs cross, peenya industrial area, peenya, bangalore -560058

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 Peenya Bangalore 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, Peenya Bangalore branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Peenya Bangalore branch, makes the characters readable even if there are other marks and stamps on it.

A total of 22 branches of Ratnakar Bank Ltd are available with micr code -

>>Banashankari Bda Complex >>Banaswadi Bangalore >>Bannerghatta Road >>Basavanagudi >>Basaveshwar Nagar >>Btm Layout >>Domlur >>Electronic City Phasei >>Fourth Phase Jp Nagar >>Frazer Town >>Jayanagar >>Jayanagar Seventh Block >>Koramangala Eighty Ft Road >>Kumarapark >>Mahadevapura >>Marathahalli >>Peenya Bangalore >>Rt Nagar >>Sixth Block Koramangala >>Sixth Phase Jp Nagar >>Vidyaranyapura >>Yelahanka Branch

MICR code for Ratnakar Bank Peenya Bangalore

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 Peenya Bangalore 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 Peenya Bangalore branch. MICR code for Peenya Bangalore 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 Peenya Bangalore is presented in the table alongside.

Use of Ratnakar Bank MICR code for Peenya Bangalore branch in bangalore

The MICR code 0 is used in RBI cheque clearing process to identify the branch Peenya Bangalore 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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