Ratnakar Bank Vijayawada Krishna Andhra Pradesh MICR CODE

Find MICR Codes for Ratnakar Bank Vijayawada Krishna Andhra Pradesh

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Vijayawada
Contact 1800123804
Bank Details Ratnakar Bank Ltd Vijayawada RATN0000241
Location Vijayawada, Krishna
City Vijayawada
District Krishna
State Andhra Pradesh
Pincode 520010
Country IN
Address Rbl bank ltd. D. No. 40-5-1, tikkle road, opp dv manor, vijayawada 520010
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.

Search Ratnakar Bank MICR Codes in krishna

You can search through MICR Codes of Andhra Pradesh branches in vijayawada of District krishna in Andhra Pradesh State by using the search box or you can browse through the table using the conrols at the bottom.

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

>>Vijayawada

How to find MICR codes for Ratnakar Bank in vijayawada?

Ratnakar Bank vijayawada MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From Ratnakar Bank MICR codes list for vijayawada, one can further search by branch name specified in the table. You can find MICR codes for all Ratnakar Bank vijayawada branches.

Ratnakar Bank MICR code in vijayawada

Ratnakar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ratnakar Bank MICR code for vijayawada branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for Ratnakar Bank branches in vijayawada, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does Ratnakar Bank MICR code for vijayawada branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a Ratnakar Bank vijayawada branch, sprinted 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. Thus MICR code for Ratnakar Bank vijayawada branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ratnakar Bank MICR codes for vijayawada branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!

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