MICR Code Bank
Find MICR code for Equitas Bank branches in India for NEFT and RTGS transfer

Equitas Bank MICR CODE

Find MICR Codes for Equitas Bank

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  1. Equitas Small Finance Bank Limited »
  2. Karnataka »
  3. shimoga »
  4. shimoga »
  5. shankar mutt circle shimoga

Find MICR Codes for Equitas Bank

MICR Code: -NA-
Bank: Equitas Small Finance Bank Limited
Business Hours:
Mode Of Payment: Cash,Cheque,Demand Draft and Net banking
Branch: Shankar Mutt Circle Shimoga
Contact:
Bank Details: Equitas Small Finance Bank Limited Shankar Mutt Circle Shimoga ESFB0003063
Location: Shimoga, Shimoga
City: Shimoga
District: Shimoga
State: Karnataka
Pincode: 577201
Country: IN
Address: 1st floor,malnad arcade,shankar mutt circle,shimoga -577201

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

A total of 4 branches of Equitas Small Finance Bank Limited are available with micr code

>>Bhadravathi >>Hole Hanaswadi >>Shankar Mutt Circle Shimoga >>Shivamogga

MICR code for Equitas Bank

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

Use of Equitas Bank Small Finance Bank MICR code for branch in shimoga

The MICR code is used in RBI cheque clearing process to identify the 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.