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The Kolhapur Urban Co-Op Bank Ltd Ratnagiri Kolhapur Maharashtra MICR CODE

Find MICR Codes for The Kolhapur Urban Co-Op Bank Ltd Ratnagiri Kolhapur Maharashtra

MICR Code
Bank The kolhapur urban co-op bank ltd
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ratnagiri Branch
Contact 2325-222344
Bank Details The kolhapur urban co-op bank ltd Ratnagiri Branch KOLH0000015
Location Ratnagiri, Kolhapur
City Ratnagiri
District Kolhapur
State Maharashtra
Pincode
Country IN
Address Dys plaza,near hotel carnival,maruti mandir,ratanagiri
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 416398015 for Ratnagiri Branch 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 416398015 of The Kolhapur Urban Bank Ltd, Ratnagiri Branch branch makes the system almost error free and faster. Use of The Kolhapur Urban Bank Ltd MICR codes for Ratnagiri Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of The kolhapur urban co-op bank ltd are available with micr code -

>>Ratnagiri Branch

MICR code for The Kolhapur Urban Co-Op Bank Ltd Ratnagiri Branch

The Kolhapur Urban Co-Op Bank Ltd MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. The Kolhapur Urban Bank Ltd MICR code for Ratnagiri Branch 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. 416398015 is the MICR code of The Kolhapur Urban Co-Op Bank Ltd for Ratnagiri Branch branch. MICR code for Ratnagiri Branch 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 The Kolhapur Urban Bank Ltd Ratnagiri Branch is presented in the table alongside.

Use of The Kolhapur Urban Bank Ltd MICR code for Ratnagiri Branch branch in ratnagiri

The MICR code 416398015 is used in RBI cheque clearing process to identify the branch Ratnagiri Branch and The Kolhapur Urban Bank Ltd 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 The Kolhapur Urban Co-Op Bank Ltd is typically in either of these two font’s: E-138 and CMC-7.