Equitas Bank Shimoga Shimoga Karnataka MICR CODE

Find MICR Codes for Equitas Bank Shimoga Shimoga Karnataka

Bank
State
District
City
Branch
Address
MICR Code: 577756203
Bank: Equitas Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Shivamogga
Contact: 30898015
Bank Details: Equitas Small Finance Bank Limited Shivamogga ESFB0003023
Location: Shimoga, Shimoga
City: Shimoga
District: Shimoga
State: Karnataka
Pincode:
Country: IN
Address: NO.391-2605,BH ROAD,BESIDE ARVIND MOTORS,SHIMOGA - 577201
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 577756203 for Shivamogga 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 577756203 of Equitas Bank Small Finance Bank, Shivamogga branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Shivamogga 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 -

>>Hole Hanaswadi >>Shivamogga

MICR code for Equitas Bank Shivamogga

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 Shivamogga 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. 577756203 is the MICR code of Eqitas Bank for Shivamogga branch. MICR code for Shivamogga 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 Shivamogga is presented in the table alongside.

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

The MICR code 577756203 is used in RBI cheque clearing process to identify the branch Shivamogga 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.

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