MICR Code: 301176050

Bank: RBL Bank Limited
IFSC Code: Ratn0000105
MICR Code: 301176050
Address: The Ratnakar Bank Ltd, The Swagat Palace ,B 294 / 295 A, Riico Chowk Main Road Bhiwadi, Bhiwadi. Dist- Alwar, Rajasthan - 301019
City: Alwar
District: Alwar
State: Rajasthan

MICR is acronym of Magnetic Ink Character Recognition. Basically it is a character-recognition technology used by the banking industry to ease the processing and clearance of cheques and other documents.

Generally MICR code is nine character long. First three charaters represent city, next three charaters represents bank name and last three charaters represents bank branch.

Let's decode MICR code 301176050.

  • In this case first three codes 301 is city code and it represents city Alwar.
  • Next three characters 176 represents bank RBL Bank Limited.
  • Remaining characters which are 050 represents branch. In our case branch is located at address The Ratnakar Bank Ltd, The Swagat Palace ,B 294 / 295 A, Riico Chowk Main Road Bhiwadi, Bhiwadi. Dist- Alwar, Rajasthan - 301019.

The easiest way to find MICR code is to check your

  1. Bank account statement
  2. Cheques

Please examine below sample cheque for more details

I hope this clears doubts.