ESAF Bank Nashik Nashik Maharashtra MICR CODE

Find MICR Codes for ESAF Bank Nashik Nashik Maharashtra

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MICR Code	422760002
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	Nashik
Contact	0
Bank Details	ESAF Small Finance Bank Limited Nashik ESMF0001663

Location	Nashik, Nashik
City	Nashik
District	Nashik
State	Maharashtra
Pincode	422101
Country	IN
Address	Shop no 22,pratik arcade,bitco point,opp vidyut bhavan,nashik,maharashtra 422101

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 422760002 for Nashik 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 422760002 of ESAF Finance Bank, Nashik branch makes the system almost error free and faster. Use of ESAF Finance Bank MICR codes for Nashik 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 -

>>Nashik

MICR code for ESAF Bank Nashik

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 Nashik 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. 422760002 is the MICR code of ESAF Small Bank for Nashik branch. MICR code for Nashik 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 Nashik is presented in the table alongside.

Use of ESAF Finance Bank MICR code for Nashik branch in nashik

The MICR code 422760002 is used in RBI cheque clearing process to identify the branch Nashik 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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