ESAF Bank Bengaluru Dharwad Hubli Karnataka MICR CODE

Find MICR Codes for ESAF Bank Bengaluru Dharwad Hubli Karnataka

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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 Hubli
Contact 0
Bank Details ESAF Small Finance Bank Limited Hubli ESMF0001682
Location Bengaluru Dharwad, Hubli
City Bengaluru Dharwad
District Hubli
State Karnataka
Pincode 580023
Country IN
Address No 414, jolad enclave, st marys school road, near railway recruitment board office, hubli p o, dharwad, karnataka 580023
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 Hubli 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, Hubli branch makes the system almost error free and faster. Use of ESAF Finance Bank MICR codes for Hubli 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 -

>>Hubli

MICR code for ESAF Bank Hubli

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 Hubli 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 Hubli branch. MICR code for Hubli 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 Hubli is presented in the table alongside.

Use of ESAF Finance Bank MICR code for Hubli branch in bengaluru dharwad

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