Equitas Bank Cuddalore Cuddalore Tamil Nadu MICR CODE

Find MICR Codes for Equitas Bank Cuddalore Cuddalore Tamil Nadu

MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Panruti
Contact 30898015
Bank Details Equitas Small Finance Bank Limited Panruti ESFB0001112
Location Cuddalore, Cuddalore
City Cuddalore
District Cuddalore
State Tamil Nadu
Pincode 607106
Country IN
Address No-20/81,link road,panruti - 607106,tamil nadu
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 607756202 for Panruti 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 607756202 of Equitas Bank Small Finance Bank, Panruti branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Panruti branch, makes the characters readable even if there are other marks and stamps on it.

MICR code for Equitas Bank Panruti

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 Panruti 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. 607756202 is the MICR code of Equitas Bank for Panruti branch. MICR code for Panruti 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 Panruti is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Panruti branch in cuddalore

The MICR code 607756202 is used in RBI cheque clearing process to identify the branch Panruti 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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