MICR Code Bank
Find MICR code for RBS Bank branches in India for NEFT and RTGS transfer

RBS Bank MICR CODE

Find MICR Codes for RBS Bank

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  1. Royal Bank Of Scotland »
  2. Maharashtra »
  3. kolhapur »
  4. kolhapur »
  5. kolhapur

Find MICR Codes for RBS Bank

MICR Code: 416030002
Bank: Royal Bank Of Scotland
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Kolhapur
Contact: +91 231 6612903,Fax: +91- 231-6612940
Bank Details: Royal Bank Of Scotland Kolhapur ABNA0100331
Location: Kolhapur, Kolhapur
City: Kolhapur
District: Kolhapur
State: Maharashtra
Pincode: 416001
Country: IN
Address: Ground floor, anant towers , 1115 k-1 shahupuri, kolhapur - 416001

How does MICR code for 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 of Royal Bank Of Scotland, branch makes the system almost error free and faster. Use of Royal Bank Of Scotland MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Royal Bank Of Scotland are available with micr code

>>Kolhapur

MICR code for RBS Bank

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

Use of Royal Bank Of Scotland MICR code for branch in kolhapur

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