Let Others Know

RBI Ranchi Ranchi Jharkhand MICR CODE

Find MICR Codes for RBI Ranchi Ranchi Jharkhand

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Reserve Bank Of India
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Ranchi
Contact
Bank Details	Reserve Bank Of India Ranchi RBIS0RNPA01

Location	Ranchi, Ranchi
City	Ranchi
District	Ranchi
State	Jharkhand
Pincode	834001
Country	IN
Address	4th floor.rrda building.katchehri road,ranchi 834001

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

A total of 3 branches of Reserve Bank Of India are available with micr code -

>>Ranchi >>Rbi Ranchi Govt Of Jharkhand >>Rbi Ranchi Govt Of Jharkhand

MICR code for RBI Ranchi

RBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Reserve Bank Of India MICR code for Ranchi 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 RBI Bank for Ranchi branch. MICR code for Ranchi 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 Reserve Bank Of India Ranchi is presented in the table alongside.

Use of Reserve Bank Of India MICR code for Ranchi branch in ranchi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Ranchi and Reserve Bank Of India 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 RBI Bank is typically in either of these two font’s: E-138 and CMC-7.