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Equitas Bank Hassan Hassan Karnataka MICR CODE

Find MICR Codes for Equitas Bank Hassan Hassan Karnataka

MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Arkalgudud
Contact 0
Bank Details Equitas Small Finance Bank Limited Arkalgudud ESFB0003088
Location Hassan, Hassan
City Hassan
District Hassan
State Karnataka
Pincode 573102
Country IN
Address No.27/5,manjuvina kanasu building bypass road,near ksrtc bus dipo,arkalgudud,kote 573102
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 0 for Arkalgudud 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 0 of Equitas Bank Small Finance Bank, Arkalgudud branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Arkalgudud branch, makes the characters readable even if there are other marks and stamps on it.

A total of 3 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Arkalgudud >>Hassan >>Hassan Ii

MICR code for Equitas Bank Arkalgudud

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 Arkalgudud 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. 0 is the MICR code of Equitas Bank for Arkalgudud branch. MICR code for Arkalgudud 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 Arkalgudud is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Arkalgudud branch in hassan

The MICR code 0 is used in RBI cheque clearing process to identify the branch Arkalgudud 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.