Equitas Bank Haveri Aei Karnataka MICR CODE

Find MICR Codes for Equitas Bank Haveri Aei Karnataka

Bank
State
District
City
Branch
Address

MICR Code	581756102
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	Ranebennur
Contact	30898017
Bank Details	Equitas Small Finance Bank Limited Ranebennur ESFB0003027

Location	Haveri, Aei
City	Haveri
District	Aei
State	Karnataka
Pincode	581115
Country	IN
Address	P.b.road,near bus stand,ranebennur town,ranebennur -581115

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 581756102 for Ranebennur 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 581756102 of Equitas Bank Small Finance Bank, Ranebennur branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Ranebennur 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 -

>>Ranebennur

MICR code for Equitas Bank Ranebennur

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 Ranebennur 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. 581756102 is the MICR code of Equitas Bank for Ranebennur branch. MICR code for Ranebennur 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 Ranebennur is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Ranebennur branch in haveri

The MICR code 581756102 is used in RBI cheque clearing process to identify the branch Ranebennur 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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