Equitas Bank Indore Indore Madhya Pradesh MICR CODE

Find MICR Codes for Equitas Bank Indore Indore Madhya Pradesh

Bank
State
District
City
Branch
Address
MICR Code: 452756001
Bank: Equitas Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Pipliyahana
Contact: 30898015
Bank Details: Equitas Small Finance Bank Limited Pipliyahana ESFB0014002
Location: Indore, Indore
City: Indore
District: Indore
State: Madhya Pradesh
Pincode:
Country: IN
Address: NO 83,GROUND FLOOR,SWAMI VIVEKANAND NAGAR MAIN ROAD,INDORE
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 452756001 for Pipliyahana 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 452756001 of Equitas Bank Small Finance Bank, Pipliyahana branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Pipliyahana branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Bhawarkua Indore >>Pipliyahana

MICR code for Equitas Bank Pipliyahana

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 Pipliyahana 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. 452756001 is the MICR code of Eqitas Bank for Pipliyahana branch. MICR code for Pipliyahana 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 Pipliyahana is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Pipliyahana branch in indore

The MICR code 452756001 is used in RBI cheque clearing process to identify the branch Pipliyahana 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 Eqitas Bank is typically in either of these two font’s: E-138 and CMC-7.

TOP