MICR Code Bank
Find MICR code for ESAF Bank branches in India for NEFT and RTGS transfer

ESAF Bank MICR CODE

Find MICR Codes for ESAF Bank

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  1. ESAF Small Finance Bank Limited »
  2. Karnataka »
  3. bangalore urben »
  4. bangalore »
  5. koramangala

Find MICR Codes for ESAF Bank

MICR Code: -NA-
Bank: ESAF Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Koramangala
Contact: 0
Bank Details: ESAF Small Finance Bank Limited Koramangala ESMF0001172
Location: Bangalore, Bangalore Urben
City: Bangalore
District: Bangalore Urben
State: Karnataka
Pincode:
Country: IN
Address: Golden house,820,8th block,ganapati temple road koramangla,bangalore

How does MICR code for 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 of ESAF Finance Bank, branch makes the system almost error free and faster. Use of ESAF Finance Bank MICR codes for branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Koramangala

MICR code for ESAF Bank

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

Use of ESAF Finance Bank MICR code for branch in bangalore

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