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Equitas Bank Bhilwara Bhilwara Rajasthan MICR CODE

Find MICR Codes for Equitas Bank Bhilwara Bhilwara Rajasthan

MICR Code
Bank Equitas Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Surabhi Squre Bhilwara
Contact
Bank Details Equitas Small Finance Bank Limited Surabhi Squre Bhilwara ESFB0016040
Location Bhilwara, Bhilwara
City Bhilwara
District Bhilwara
State Rajasthan
Pincode 311001
Country IN
Address 1 st floor surabhi square gayatri ashram choraha bhilwara 311001
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 Surabhi Squre Bhilwara 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, Surabhi Squre Bhilwara branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Surabhi Squre Bhilwara 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 -

>>Bhilwara >>Surabhi Squre Bhilwara

MICR code for Equitas Bank Surabhi Squre Bhilwara

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 Surabhi Squre Bhilwara 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 Surabhi Squre Bhilwara branch. MICR code for Surabhi Squre Bhilwara 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 Surabhi Squre Bhilwara is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Surabhi Squre Bhilwara branch in bhilwara

The MICR code 0 is used in RBI cheque clearing process to identify the branch Surabhi Squre Bhilwara 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.