Ratnakar Bank Chennai Porur Tamil Nadu MICR CODE

Find MICR Codes for Ratnakar Bank Chennai Porur Tamil Nadu

↻ Reload
MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Porur Chennai
Contact -
Bank Details Ratnakar Bank Ltd Porur Chennai RATN0000578
Location Chennai, Porur
City Chennai
District Porur
State Tamil Nadu
Pincode 600125
Country IN
Address Ground floor, apurva apartments, mugalivakkam main road , sriram nagar, porur,chennai -600125 tamil nadu
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 Porur Chennai 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, Porur Chennai branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Porur Chennai branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Ratnakar Bank Ltd are available with micr code -

>>Porur Chennai

MICR code for Ratnakar Bank Porur Chennai

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 Porur Chennai 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 Porur Chennai branch. MICR code for Porur Chennai 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 Porur Chennai is presented in the table alongside.

Use of Ratnakar Bank MICR code for Porur Chennai branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch Porur Chennai 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.

Copied!