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ESAF Bank Ottapalam Palakkad Kerala MICR CODE

Find MICR Codes for ESAF Bank Ottapalam Palakkad Kerala

MICR Code
Bank ESAF Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Ottapalam
Contact 2373813
Bank Details ESAF Small Finance Bank Limited Ottapalam ESMF0001134
Location Ottapalam, Palakkad
City Ottapalam
District Palakkad
State Kerala
Pincode 679101
Country IN
Address Xvii/434, ground floor, asco tower, palakkad road, ottapalam, pin 679101
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.

Search ESAF Bank MICR Codes in palakkad

You can search through MICR Codes of Kerala branches in ottapalam of District palakkad in Kerala State by using the search box or you can browse through the table using the conrols at the bottom.

A total of 1 branches of ESAF Small Finance Bank Limited are available with micr code -

>>Ottapalam

How to find MICR codes for ESAF Bank in ottapalam?

ESAF Bank ottapalam MICR codes are given in the table alongside. Details including address and contact numbers are also provided. From ESAF Finance Bank MICR codes list for ottapalam, one can further search by branch name specified in the table. You can find MICR codes for all ESAF Bank ottapalam branches.

ESAF Finance Bank MICR code in ottapalam

ESAF Bank MICR code is a character recognition technology used by banks in the processing of cheques. ESAF Finance Bank MICR code for ottapalam branches includes document type indicator, bank code, cheque number, etc. This code is printed in either of the two fonts E-138 and CMC-7 using a magnetic ink or toner, usually containing iron oxide. The MICR code for ESAF Small Bank branches in ottapalam, is used to identify the bank branch to which the cheque belongs. It is used by RBI for clearance of cheques.

How does ESAF Small Bank MICR code for ottapalam branches speed up the processing of cheques?

In manual clearing of cheques, there is a possibility of many errors and a long delay is involved. The characters of MICR code for a ESAF Bank ottapalam branch, sprinted 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. Thus MICR code for ESAF Finance Bank ottapalam branches speeds up the processing of cheque as it reduces manual effort of sorting. Use of ESAF Small Bank MICR codes for ottapalam branches, makes the characters readable even if there are other marks and stamps on it. This makes the system almost error proof!