Equitas Bank Ranga Reddy Ranga Reddy Telangana MICR CODE

Find MICR Codes for Equitas Bank Ranga Reddy Ranga Reddy Telangana

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MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Nallagandla
Contact 0
Bank Details Equitas Small Finance Bank Limited Nallagandla ESFB0005021
Location Ranga Reddy, Ranga Reddy
City Ranga Reddy
District Ranga Reddy
State Telangana
Pincode 365384
Country IN
Address 92dhig,ptin no.1120014584,first floor & second floor,plot no.92d,sy.no.302 to 310,320 to 322,324 to 361,363 to 365 384 385,387 to 391 and 399,nallagandla village,serilingampally mandal
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 Nallagandla 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, Nallagandla branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Nallagandla branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Nallagandla

MICR code for Equitas Bank Nallagandla

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 Nallagandla 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 Nallagandla branch. MICR code for Nallagandla 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 Nallagandla is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Nallagandla branch in ranga reddy

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