Equitas Bank Durg Durg Chhattisgarh MICR CODE

Find MICR Codes for Equitas Bank Durg Durg Chhattisgarh

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MICR Code	490756001
Bank	Equitas 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	Bhilai
Contact	30898015
Bank Details	Equitas Small Finance Bank Limited Bhilai ESFB0008002

Location	Durg, Durg
City	Durg
District	Durg
State	Chhattisgarh
Pincode	490011
Country	IN
Address	Plot no -a-9& a-10,veer savarkar market,power house,g.e.road,bhilai dist,durg c.g - 490011,chhattisgarh

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 490756001 for Bhilai 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 490756001 of Equitas Bank Small Finance Bank, Bhilai branch makes the system almost error free and faster. Use of Equitas Bank Small Finance Bank MICR codes for Bhilai branch, makes the characters readable even if there are other marks and stamps on it.

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

>>Bhilai

MICR code for Equitas Bank Bhilai

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 Bhilai 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. 490756001 is the MICR code of Equitas Bank for Bhilai branch. MICR code for Bhilai 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 Bhilai is presented in the table alongside.

Use of Equitas Bank Small Finance Bank MICR code for Bhilai branch in durg

The MICR code 490756001 is used in RBI cheque clearing process to identify the branch Bhilai 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.

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