Ratnakar Bank Bhiwadi Alwar Rajasthan MICR CODE

Find MICR Codes for Ratnakar Bank Bhiwadi Alwar Rajasthan

Bank
State
District
City
Branch
Address

MICR Code	301176051
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	Bhiwadi ( Ex Hero Honda)
Contact	9810979311
Bank Details	Ratnakar Bank Ltd Bhiwadi ( Ex Hero Honda) RATN0000106

Location	Bhiwadi, Alwar
City	Bhiwadi
District	Alwar
State	Rajasthan
Pincode	301019
Country	IN
Address	A4, bhagat singh colony,alwar bypass,bhiwadi,rajasthan - 301019

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 301176051 for Bhiwadi ( Ex Hero Honda) 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 301176051 of Ratnakar Bank, Bhiwadi ( Ex Hero Honda) branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Bhiwadi ( Ex Hero Honda) branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Ratnakar Bank Ltd are available with micr code -

>>Bhiwadi ( Ex Hero Honda) >>Bhiwadi (Swagat Hotel )

MICR code for Ratnakar Bank Bhiwadi ( Ex Hero Honda)

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 Bhiwadi ( Ex Hero Honda) 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. 301176051 is the MICR code of Ratnakar Bank for Bhiwadi ( Ex Hero Honda) branch. MICR code for Bhiwadi ( Ex Hero Honda) 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 Bhiwadi ( Ex Hero Honda) is presented in the table alongside.

Use of Ratnakar Bank MICR code for Bhiwadi ( Ex Hero Honda) branch in bhiwadi

The MICR code 301176051 is used in RBI cheque clearing process to identify the branch Bhiwadi ( Ex Hero Honda) 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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