ESAF Bank Anthiyur Erode Tamil Nadu MICR CODE

Find MICR Codes for ESAF Bank Anthiyur Erode Tamil Nadu

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MICR Code
Bank ESAF Small Finance Bank Limited
Business Hours
Mode Of Payment Cash,Cheque,Demand Draft and Net banking
Branch Anthiyur
Contact
Bank Details ESAF Small Finance Bank Limited Anthiyur ESMF0001451
Location Anthiyur, Erode
City Anthiyur
District Erode
State Tamil Nadu
Pincode 638501
Country IN
Address No 31,1st floor,kms complex,above krubha dental clinic,bargur main road,638501
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 Anthiyur 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 ESAF Finance Bank, Anthiyur branch makes the system almost error free and faster. Use of ESAF Finance Bank MICR codes for Anthiyur branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of ESAF Small Finance Bank Limited are available with micr code -

>>Anthiyur

MICR code for ESAF Bank Anthiyur

ESAF Bank MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. ESAF Finance Bank MICR code for Anthiyur 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 ESAF Small Bank for Anthiyur branch. MICR code for Anthiyur 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 ESAF Finance Bank Anthiyur is presented in the table alongside.

Use of ESAF Finance Bank MICR code for Anthiyur branch in anthiyur

The MICR code 0 is used in RBI cheque clearing process to identify the branch Anthiyur and ESAF 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 ESAF Small Bank is typically in either of these two font’s: E-138 and CMC-7.

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