Equitas Bank Chennai Chennai Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Chennai Chennai Tamil Nadu

MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch M.G.R Salai Numgambakkam
Contact 0
Bank Details Equitas Small Finance Bank Limited M.G.R Salai Numgambakkam ESFB0001310
Location Chennai, Chennai
City Chennai
District Chennai
State Tamil Nadu
Pincode 600034
Country IN
Address 3rd floor, ss tower, no.132, kodambakkam high road, (alias dr.mgr salai,nungambakkam, chennai-600034
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 M.G.R Salai Numgambakkam 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, M.G.R Salai Numgambakkam branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for M.G.R Salai Numgambakkam branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Equitas Bank M.G.R Salai Numgambakkam

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 M.G.R Salai Numgambakkam 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 M.G.R Salai Numgambakkam branch. MICR code for M.G.R Salai Numgambakkam 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 M.G.R Salai Numgambakkam is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for M.G.R Salai Numgambakkam branch in chennai

The MICR code 0 is used in RBI cheque clearing process to identify the branch M.G.R Salai Numgambakkam 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.

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