Ratnakar Bank Delhi Delhi New Delhi MICR CODE

Find MICR Codes for Ratnakar Bank Delhi Delhi New Delhi

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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	Shivalik
Contact
Bank Details	Ratnakar Bank Ltd Shivalik RATN0000338

Location	Delhi, Delhi
City	Delhi
District	Delhi
State	New Delhi
Pincode	110017
Country	IN
Address	Ground floor, c-11, shivalik, new delhi 110017

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

A total of 47 branches of Ratnakar Bank Ltd are available with micr code -

>>Ashok Vihar >>C R Park New Delhi >>Chandni Chowk >>Ciii Janakpuri >>Dariyaganj >>Db Gupta Road Delhi >>Defence Colony >>Delhi >>Delhi >>Dwarka >>East Punjabi Bagh >>Faridabad Nit Branch >>Greater Kailash >>Greater Kailash Part Ii >>Green Park New Delhi >>Gujrawala Model Town >>Hansalaya Building >>Hauz Khas New Delhi >>Jasola >>Kailash Colony Branch >>Kamla Nagar Branch >>Kirti Nagar Branch >>Lajpat Nagar >>Malcha Marg >>Mayur Vihar I >>Mayur Vihar Ii >>Meera Bagh Paschim Vihar Branch >>Naraina Branch >>Nehru Enclave >>New Friends Colony >>Nfourty Seven Connaught Place >>Pitampura >>Pitampura >>Prashant Vihar >>Rajouri Garden New Delhi >>Rbl Bank Ltd >>Rohini Sector Seven >>Safdurjung Enclave New Delhi >>Saket >>Shalimar Bagh >>Shankar Road >>Shivalik >>Tilak Nagar >>Vasant Kunj Branch >>Vasant Vihar >>Vikas Marg Delhi >>West Patel Nagar Branch

MICR code for Ratnakar Bank Shivalik

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 Shivalik 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 Shivalik branch. MICR code for Shivalik 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 Shivalik is presented in the table alongside.

Use of Ratnakar Bank MICR code for Shivalik branch in delhi

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