Ratnakar Bank Gurugram Gurugram Haryana MICR CODE

Find MICR Codes for Ratnakar Bank Gurugram Gurugram Haryana

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MICR Code	110176051
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 Thirty One Gurugram
Contact	0
Bank Details	Ratnakar Bank Ltd Sector Thirty One Gurugram RATN0000401

Location	Gurugram, Gurugram
City	Gurugram
District	Gurugram
State	Haryana
Pincode	122003
Country	IN
Address	Sco-31 sector-31 gugugram haryana 122003

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 110176051 for Sector Thirty One Gurugram 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 110176051 of Ratnakar Bank, Sector Thirty One Gurugram branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Sector Thirty One Gurugram branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Arjun Marg Dlf Phase One >>Palm Square Golf Course Exten >>Sector Thirty One Gurugram

MICR code for Ratnakar Bank Sector Thirty One Gurugram

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 Thirty One Gurugram 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. 110176051 is the MICR code of Ratnakar Bank for Sector Thirty One Gurugram branch. MICR code for Sector Thirty One Gurugram 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 Thirty One Gurugram is presented in the table alongside.

Use of Ratnakar Bank MICR code for Sector Thirty One Gurugram branch in gurugram

The MICR code 110176051 is used in RBI cheque clearing process to identify the branch Sector Thirty One Gurugram 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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