Equitas Bank Ratlam Ratlam Madhya Pradesh MICR CODE

Find MICR Codes for Equitas Bank Ratlam Ratlam Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Equitas Small Finance Bank Limited
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Palace Road Ratlam Branch
Contact
Bank Details	Equitas Small Finance Bank Limited Palace Road Ratlam Branch ESFB0014051

Location	Ratlam, Ratlam
City	Ratlam
District	Ratlam
State	Madhya Pradesh
Pincode	457001
Country	IN
Address	3,bank colony ( nazar bagh),palace road,ratlam,mp -457001

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 Palace Road Ratlam Branch 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, Palace Road Ratlam Branch branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Palace Road Ratlam Branch branch, makes the characters readable even if there are other marks and stamps on it.

A total of 2 branches of Equitas Small Finance Bank Limited are available with micr code -

>>Palace Road Ratlam Branch >>Ratlam

MICR code for Equitas Bank Palace Road Ratlam Branch

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 Palace Road Ratlam Branch 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 Palace Road Ratlam Branch branch. MICR code for Palace Road Ratlam Branch 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 Palace Road Ratlam Branch is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Palace Road Ratlam Branch branch in ratlam

The MICR code 0 is used in RBI cheque clearing process to identify the branch Palace Road Ratlam Branch 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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