ESAF Bank Palakkad Elapully I Kerala MICR CODE

Find MICR Codes for ESAF Bank Palakkad Elapully I Kerala

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MICR Code	-NA-
Bank	ESAF 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	Elapully I
Contact
Bank Details	ESAF Small Finance Bank Limited Elapully I ESMF0001386

Location	Palakkad, Elapully I
City	Palakkad
District	Elapully I
State	Kerala
Pincode	678622
Country	IN
Address	First floor,national arcade complex,para,elapully i village,palakkad,kerala 678622

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 Elapully I 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, Elapully I branch makes the system almost error free and faster. Use of ESAF Finance Bank MICR codes for Elapully I 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 -

>>Elapully I

MICR code for ESAF Bank Elapully I

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 Elapully I 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 Elapully I branch. MICR code for Elapully I 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 Elapully I is presented in the table alongside.

Use of ESAF Finance Bank MICR code for Elapully I branch in palakkad

The MICR code 0 is used in RBI cheque clearing process to identify the branch Elapully I 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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