Ratnakar Bank Gandhinagar Gandhinagar Gujarat MICR CODE

Find MICR Codes for Ratnakar Bank Gandhinagar Gandhinagar Gujarat

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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	Sector Sixteen Gandhinagar
Contact	0
Bank Details	Ratnakar Bank Ltd Sector Sixteen Gandhinagar RATN0000565

Location	Gandhinagar, Gandhinagar
City	Gandhinagar
District	Gandhinagar
State	Gujarat
Pincode	382016
Country	IN
Address	Shreekunj elegance, officeshop no. 1,2,3, ground floor,plot no. 442, sector 16, gh-5, gandhinagar, gujarat 382 016

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 Sector Sixteen Gandhinagar 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, Sector Sixteen Gandhinagar branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Sector Sixteen Gandhinagar 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 -

>>Sector Sixteen Gandhinagar

MICR code for Ratnakar Bank Sector Sixteen Gandhinagar

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 Sector Sixteen Gandhinagar 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 Sector Sixteen Gandhinagar branch. MICR code for Sector Sixteen Gandhinagar 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 Sector Sixteen Gandhinagar is presented in the table alongside.

Use of Ratnakar Bank MICR code for Sector Sixteen Gandhinagar branch in gandhinagar

The MICR code 0 is used in RBI cheque clearing process to identify the branch Sector Sixteen Gandhinagar 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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