Ratnakar Bank Kurundwad Kolhapur Maharashtra MICR CODE

Find MICR Codes for Ratnakar Bank Kurundwad Kolhapur Maharashtra

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MICR Code
Bank Ratnakar Bank Ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Kurundwad
Contact 02322-244159
Bank Details Ratnakar Bank Ltd Kurundwad RATN0000099
Location Kurundwad, Kolhapur
City Kurundwad
District Kolhapur
State Maharashtra
Pincode 416106
Country IN
Address Sadhana mandal, 123 b, bhau smruti, near police station, kurundwad. Pin 416106
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 kolhapur

You can search through MICR Codes of Maharashtra branches in kurundwad of District kolhapur in Maharashtra 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 -

>>Kurundwad

How to find MICR codes for Ratnakar Bank in kurundwad?

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

Ratnakar Bank MICR code in kurundwad

Ratnakar Bank MICR code is a character recognition technology used by banks in the processing of cheques. Ratnakar Bank MICR code for kurundwad 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 kurundwad, 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 kurundwad 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 kurundwad 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 kurundwad branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of Ratnakar Bank MICR codes for kurundwad 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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