Ratnakar Bank Gurgaon Gurgaon Haryana MICR CODE

Find MICR Codes for Ratnakar Bank Gurgaon Gurgaon Haryana

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MICR Code	-NA-
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	Udyog Vihar Gurgaon
Contact	0
Bank Details	Ratnakar Bank Ltd Udyog Vihar Gurgaon RATN0000592

Location	Gurgaon, Gurgaon
City	Gurgaon
District	Gurgaon
State	Haryana
Pincode	122002
Country	IN
Address	Shop no 31,32,33 & 35a, ground floor, enkay tower, plot no b & b1, vanijya nikunj, udyog vihar, phase v, gurgaon, haryana 122002

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 Udyog Vihar Gurgaon 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 Ratnakar Bank, Udyog Vihar Gurgaon branch makes the system almost error free and faster. Use of Ratnakar Bank MICR codes for Udyog Vihar Gurgaon branch, makes the characters readable even if there are other marks and stamps on it.

A total of 6 branches of Ratnakar Bank Ltd are available with micr code -

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MICR code for Ratnakar Bank Udyog Vihar Gurgaon

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 Udyog Vihar Gurgaon 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 Ratnakar Bank for Udyog Vihar Gurgaon branch. MICR code for Udyog Vihar Gurgaon 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 Udyog Vihar Gurgaon is presented in the table alongside.

Use of Ratnakar Bank MICR code for Udyog Vihar Gurgaon branch in gurgaon

The MICR code 0 is used in RBI cheque clearing process to identify the branch Udyog Vihar Gurgaon 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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