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Equitas Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Equitas Bank Shimoga Shimoga Karnataka

Bank
State
District
City
Branch
Address

MICR Code	577756202
Bank	Equitas Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Hole Hanaswadi
Contact	30898015
Bank Details	Equitas Small Finance Bank Limited Hole Hanaswadi ESFB0003008

Location	Shimoga, Shimoga
City	Shimoga
District	Shimoga
State	Karnataka
Pincode	577216
Country	IN
Address	Shimoga honnali road,melina hanaswadi post,shimoga - 577216

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 577756202 for Hole Hanaswadi 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 577756202 of Equitas Bank Small Finance Bank, Hole Hanaswadi branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Hole Hanaswadi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Bhadravathi >>Hole Hanaswadi >>Shankar Mutt Circle Shimoga >>Shivamogga

MICR code for Equitas Bank Hole Hanaswadi

Equitas Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Equitas Bank Small Finance Bank MICR code for Hole Hanaswadi 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. 577756202 is the MICR code of Equitas Bank for Hole Hanaswadi branch. MICR code for Hole Hanaswadi 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 Equitas Bank Small Finance Bank Hole Hanaswadi is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Hole Hanaswadi branch in shimoga

The MICR code 577756202 is used in RBI cheque clearing process to identify the branch Hole Hanaswadi and Equitas Bank Small Finance 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 Equitas Bank is typically in either of these two font’s: E-138 and CMC-7.